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Source: Reuters

REFILE-China's CNOOC sells its first biodiesel product

Published: 17 Nov 2010 23:41:30 PST

(Fixes second paragraph to make clear the blend was sold at 12 gas stations beginning Nov. 8)

BEIJING, Nov 18 - State-owned China National Offshore Oil Corp (CNOOC) has sold out its first batch of biodiesel on the island province of Hainan, the company said on Wednesday.

The fuel was blended into normal diesel and offered to drivers starting from Nov 8 at 12 gas stations run by Sinopec Corp <0386.HK> and will be available in some other stations run by PetroChina Co Ltd <0857.HK> from Dec 8, the official Hainan Daily reported on Thursday.

The commercial sale occurred more than one year behind an earlier schedule planned by the Hainan government.

Using Jatropha as a feedstock, the Hainan biodiesel plant run by CNOOC's New Energy Investment Co is designed to produce 60,000 tonnes of biodiesel per year (tpy).

The project is one of three pilot biodiesel projects in China approved in July 2008 by the National Development and Reform Commission.

The other two are Sinopec's 50,000-tpy Guizhou plant in Guizhou province and PetroChina's 60,000-tpy Nanchong plant in Sichuan province.

CNOOC is the parent of CNOOC Ltd <0883.HK><CEO.N>.

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