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Chinese enterprises urgently need a new solution under the special international economic situation. Since Aug. 16th 2024, the EU has introduced the anti-dumping duty policy whose tax rate is up to 36.4% against Chinese biodiesel imports.

 

Chinese companies are facing serious challenges due to the impact of international policy changes, especially in Europe and increasing competition in the global industry, The demand of SAF and Ship-Biofuel will continue to increase after the development of the Road Biofuel utilization,and it will be estimated that 65% of the aviation industry's carbon reduction by 2050 will need to be accomplished by SAF utilization.The utilization of alternative fuel or zero-carbon emissional marine fuel will be

significantly increased by 2030.

 

GBF organizing committee will hold "2024 11th Global Biofuel Focus "on November 26th to 28th for seeking breakthroughs, promoting the development of industry and timely realizing the current domestic and foreign policy changes, technology and products such as innovation.The summit

will invite industry associations experts, business leaders, heads of institutions and so on from China, the EU, Southeast Asia, Japan and South Korea, etc.,They will share the latest situation in the fields from domestic and foreign policy analysis, trade situation analysis, industry standards and industry development, technology innovation, and other industries.They will also discuss the methods of achieve toughness growth of the Chinese biofuels industry.