Biodiesel companies become raw material exporters

According to the Guangxi Inspection and Quarantine Bureau, a total of 5,595 tons of industrial grade mixed oil with a value of US$3.515 million was tested by the Nanning Inspection and Quarantine Bureau and exported to the Netherlands in batches. This marks the first time that the industrial grade mixed oil in the Nanning area is exported to the EU market. Achieving zero breakthrough in the export of industrial grade mixed oil products in the Nanning area; this exporter is a biodiesel enterprise, and the raw materials are not used by themselves, but are exported. Why?

That is because the cost of biodiesel extracted from industrial grade blended oil is too high. There is no market at all in China. It is better to export it directly and earn a certain profit. At present, biodiesel plants that can be turned on are mostly based on waste oil, because of their low price and a little profit margin. According to the observation of biodiesel network , in the past one to two years, the water-based oil has basically been exported to the market. There is basically no market in China; in terms of feed, it is forbidden to use; other chemical uses (resin, oleic acid, fatty acid, paint, etc.) Limited; exports are also helpless.

Biodiesel enterprises have become raw material exporters, a large number of biodiesel devices are in a state of suspension, and huge production capacity cannot be released. It is also a great waste. Many investments have been squandered. According to biodiesel networks, low oil prices have been sustained for a long time. Impact, the current prospects for the biodiesel industry are unclear, unless the policy can be strongly enforced and mandatory blending is adopted.

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