China has recently introduced an M85 or 85% methanol national standards for blending methanol with gasoline, which took effect on the 1st of December, 2009. And we expect an M15 or 15% methanol national standard to be introduced later this year. Provincial programs in China will also continue to support more methanol fuel-blending. For example, we understand that Xanji [ph] province, which has been blending methanol into gasoline for more than 20 years is planning to introduce an M30 or 30% blending standard later this year. Also, the oil majors, such as Sunnytech [ph] have begun retailing M15 fuels in Xanji. And we understand that by the end of this year, all retail stations in this province will be offering methanol blends.
Methanex Corporation Q1 2010 Earnings Call Transcript
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