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PetroChina’s first bioenergy base settled in Nanchong Yesterday, China National Petroleum Corporation announced that PetroChina’s first bioenergy development and production demonstration base has officially settled in Nanchong City, Sichuan Province. The bioenergy base includes two "biodiesel" and "fuel ethanol" projects. It is understood that PetroChina, Sinopec, and CNOOC are currently working on biodiesel projects, with almost the same investment scale. The projects are currently waiting for approval from the National Development and Reform Commission. It is understood that PetroChina has a total investment of 180 million yuan in "biodiesel" in this project, with a planned annual output of 60,000 tons, and a total investment of 800 million yuan in "fuel ethanol" of 100,000 tons. The two projects will be completed and put into production by the end of 2008 and the second half of 2009 respectively. An insider of CNOOC revealed to reporters that PetroChina, Sinopec and CNOOC have all applied for biodiesel projects. The CNOOC project is located in Hainan and the Sinopec project is located in Guizhou. But the National Development and Reform Commission has not yet approved a project, he said, because * * Encourage the development of new energy sources. Currently, biodiesel technology is relatively mature. “It is not a big problem for all three companies to be approved, and there is currently no competition among the three companies. ”