In China, Forbes believes increased ethanol import demand will be limited despite recent surges during the past few months due to lack of policy support for further blending mandates, and lack of consumer confidence due to the overall economic downturn that has in turn negatively impacted the automotive industry, and competition among advanced technologies for their 15 minutes of fame. Currently ethanol accounts for about 1% of the country’s fuel consumption at about 2.3 million metric tons.
