A lawsuit accusing China’s largest oil refiner of muscling a start-up out of the market has turned a spotlight on the country’s biodiesel policy, once trumpeted as a way to cut dependence on imported crude oil.
China is the world’s sixth-largest producer of biofuels, an industry dominated by the US and Brazil. But an early investment boom has lost momentum thanks to rising feedstock costs, inconsistent policies and foot-dragging by the most influential energy companies.
Conflict between the small and mostly private biodiesel businesses and the big state-owned enterprises that dominate energy policy is playing out in a courtroom in southwestern Yunnan province.
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