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London-listed China Biodiesel International’s net profit rose 38% to Yuan 37.1 million ($4.8 million) in 2006, from Yuan 27.1 million in 2005, owing to increased biodiesel production, the company said April 16. China Biodiesel’s biodiesel production rose 32% to 22,866 mt for the year. Most of the output was sold on the domestic Chinese market, although exports also started last year to South Korea and Norway, the company said. China Biodiesel has almost finished building a 30,000 mt/year facility at Longyan, and work is also underway on a 50,000 mt/year facility in Xiamen, where production is expected to start in third-quarter 2007.
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