China’s renewable hydrocarbon fuels have broad prospects and export market dominates

Hydrocarbon fuel refers to compounds or mixtures such as paraffins, cycloalkanes, and aromatic hydrocarbons containing C and H. Renewable hydrocarbon fuels refer to hydrocarbon fuels produced using biomass energy, waste grease, etc. There are many types of renewable hydrocarbon fuels. According to the source of their production raw materials, they can be roughly divided into two categories: biomass renewable hydrocarbon fuels and waste oil hydrocarbon fuels. According to their detailed products, they can be roughly divided into renewable gasoline, biodiesel, renewable Recycled kerosene (aviation fuel) and other products.

At present, global renewable hydrocarbon fuel production is mainly concentrated in Europe, the United States, China, and Japan and South Korea. Especially in Europe, due to the high proportion of diesel vehicles, the consumption and production levels of renewable hydrocarbon fuels represented by biodiesel are relatively high. , has become the world’s largest renewable hydrocarbon fuel production region.

Biodiesel is the first renewable hydrocarbon fuel product to be industrialized in China. Driven by good development prospects and national policies, the number of domestic enterprises has been increasing in recent years. Key production enterprises include Longyan Excellence New Energy Co., Ltd., Hebei Jingu Renewable Resources Development Co., Ltd., Jia’ao Environmental Protection Co., Ltd., etc. At present, the overall capacity utilization rate of China’s biodiesel market is relatively low, there are many homogeneous products in the market, and most companies are facing greater market competition pressure.

my country’s renewable hydrocarbon fuels are a typical export-oriented industry. With the global emphasis on energy, environmental and climate issues, foreign demand for renewable hydrocarbon fuels continues to grow. At the same time, the production capacity and technical strength of China’s renewable hydrocarbon fuel enterprises have increased, and the competitiveness of domestically produced renewable hydrocarbon fuels in the international market has continued to increase. Domestic enterprises have actively explored foreign markets, promoting the export volume of renewable hydrocarbon fuels. Rapid growth. According to the “2023-2027 Renewable Hydrocarbon Industry In-depth Market Research and Investment Strategy Suggestions Report released by the Industrial Research Center, In 2022, China’s export volume of renewable hydrocarbon fuels will reach about 1.5 million tons.

Industry analysts said that in recent years, as energy security issues have become increasingly serious and low-carbon emission reduction requirements have increased, renewable Hydrocarbon fuels have become the focus of fuel energy. In the future, with the continuous advancement of China’s renewable energy-related policies and the gradual implementation of the “dual carbon” strategy, strong policy support will be provided for the development of the renewable hydrocarbon fuel industry. At the same time, if the blending ratio of biodiesel is increased, renewable energy will be promoted. The application scale of hydrocarbon fuels will gradually expand, and the industry has good development prospects.