Today, two main crisis capture the attention of the global economies. They are 1) petroleum supply/demand imbalances, and 2) the environment. Alternative fuels, other than refinery products, are becoming essentials as global governments seek energy independence and energy security. High crude oil prices ($100+/bbl) has strengthen this position held by many nations.
New energy developments promoting "clean" energy, mitigating pollution emissions and protecting the environment have become urgent. China is dependent on foreign oil. Yet, this nation has vast coal reserves—the largest in the world. More importantly, China is developing coal-based alcohol, fuels, liquids, etc. The direct an
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