China is the biggest fuel oil consumption market in Asia, and the fuel oil is primarily consumed in electric power, communication and transportation, petroleum & petrochemical industry, metallurgy and construction materials; moreover, part of fuel oil enters product oil market via processing of local small finery. Influenced by instruction of national macro energy policy, crude oil processing quantity, yield change from crude oil processing scheme regulation, demand change of light oil product and substitution of fuel oil, China will further import fuel oil from various countries, and the pattern of fuel oil market competition will be changed.
The Leading Group of National Medium-and-long Term Program for Science and Technology Development has regarded the "biological fuel, coal-based alcohol, ether and Hydrogen technology as the significant strategic mission" and listed it in the national medium-and-long term program for science and technology development. The prospect for new energy to substitute vehicle fuel is broad.
"2008 China International Vehicle Substitute Fuel Energy Saving and Eco-friendly New Technology Development & Application Forum", namely "2008 China International Fuel Oil, Vehicle Substitute Fuel New Technology and Equipment Exhibition" will closely follow the market and become a new challenge to adopt new energy and renewable energy to gradually substitute the fossil energy industry whose resources are limited and the environment is polluted; in line with the contradiction of coordinated development of energy, traffic and environment in China economical development and the national latest policy orientation and market demand, a platform has been provided for new technology exhibition, new information exchange and international economical trade cooperation, so as to promote the automobile fuel substitute energy technology and products of our country to learn from different countries, participating in international competition, improving environment, benefiting people and creating favorable market development space. When the forum is held, we'll make efforts to invite manufacturers, scientific institutions, dealers and traders, taking leading place in development of novelty energy technology, from France, Germany, America and Brazil to jointly probe into this topic.
The authoritative sponsor, professional undertaking unit, various exhibition activities and participation of lots of professional experts home and abroad will provide all honored guests with a favorable opportunity of information, promotion, exchange, trade, investment and financing from new technology and new products of post petroleum times vehicle substitute energy. We hope and believe this forum will be mostly significant.