IHS Chemical Week

EnviroTech :: Innovation

Waste-to-Fuel Industry Set to Create 6 Million Jobs in China

11:04 AM MDT | April 20, 2009 | Alex Scott

Technology for generating fuel from waste will create 6 million jobs and RMB 32 billion ($4.7 billion)/year in income for China in 2020, according to a report written jointly by Novozymes and McKinsey & Co.   The findings of the study by the two companies-a roadmap for the development of the market for cellulosic ethanol in China-are due to be presented tomorrow at the Boao Forum for Asia’s economic conference to be held at Dongyu Island, China. Novozymes: Predicting a shake-up of biofuel markets in countries such as China...

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