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The two sides will jointly develop transportation fuels, clean diesel and renewable jet fuel through utilizing corn stalks and feedstuff derived livestock.
CNPC, China's largest oil firm, is not a newcomer to the bio-fuel field. It operates a 600,000-ton/year ethanol fuel project in Jilin and has also signed a framework agreement with Yunnan, Sichuan and Shandong provinces to develop bio-fuels.
Sinopec and CNOOC, the other two state-run oil firms, are also seeking opportunities to squeeze into the biofuel field.
Sinopec has built a bio-diesel production plant with capacity of 100,000 tons in Panzhihua city, Sichuan province. It has also invested 18 million yuan in building facilities with a production capacity of 2,000 tons of bio-diesel in Hebei province.
Last week [November 3] CNOOC announced that it will register an energy company in Tianjin Binhai New Area for investing 5 billion yuan in building 20 dynamic battery production lines.
Honeywell is a US-based company providing technologies on environmental protection.
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