"这为我们开拓国际市场奠定了坚实基础。"蓝鲸生物能源(浙江)有限公司董事长周锦感慨道。近日，该 公司的1.26万吨烃基生物柴油搭载货轮从嘉兴港启航，驶向国际市场。这是浙江省首次以新增列名 的"烃基生物柴油"税则号申报出口的能源产品，标志着浙江绿色能源出口品类实现重要突破，也为我国 先进生物燃料规模化出海打通关键环节。 2025年，杭州海关所属嘉兴海关在税政调研中了解到企业的这一实际困难。随后，海关部门深入产业 链，详细论证为"烃基生物柴油"增列本国子目的必要性与可行性，并牵头起草调整建议。 经多轮推动，该建议获国务院关税税则委员会采纳，自2026年起，"烃基生物柴油"正式拥有独立的税则 号列2710.1925。此举不仅明确了产品的"绿色身份"，有助于产业统计与政策制定，更打通了企业享受 政策红利的"最后一公里"。 新政落地后，嘉兴海关迅速开展靶向服务：解读归类规则、辅导RCEP等协定关税优惠应用、培训通关 便利化措施，并推广"红船企航"助企服务平台，实现政策信息"一键直达"。全程服务确保了首票出口顺 利通关。 "从税号落地到通关指导，海关的全周期服务让我们少走了很多弯路。"作为首单出口企业的负责人，周 锦表示 ...

作为平衡食糖库存的关键手段，本榨季乙醇转化量同样未达预期。印度糖业协会预计，本榨季乙醇调配 量约为29亿升，远低于行业预期的45亿升。转化量不足直接造成食糖库存积压，进而加剧价格下行压 力。巴拉尼透露，部分地区的食糖出厂价已跌破生产成本，而甘蔗采购成本却在持续攀升。目前甘蔗报 价已涨至每公担355卢比，但同期食糖最低支持价却一直未作调整。印度糖业协会还提出改革乙醇定价 机制的诉求。该协会指出，原料成本占乙醇生产成本的70%-75%，但乙醇定价未能与甘蔗价格上涨同步 调整，直接挤压了酿酒厂的利润空间。 值得注意的是，印度已提前实现20%乙醇汽油掺混(E20)的目标，但乙醇产能过剩问题随之凸显。数据 显示，印度糖料及谷物基乙醇总产能约为200亿升，而满足E20标准的乙醇仅需约110亿升，大量产能处 于闲置状态。 中化新网讯 近日，印度糖业与生物能源制造商协会(ISMA)宣布，正向政府申请16.6亿至22亿美元的联 邦预算支持，用于加速第二代乙醇和可持续航空燃料(SAF)等先进生物燃料的投资布局。 该协会总干事迪帕克·巴拉尼表示，这笔预算资金将主要用于支持先进生物燃料的试点项目、新技术研 发及设备创新，其中约11亿 ...

Investment Rating - The report maintains a "Positive" investment rating for the industry [11] Core Insights - The domestic SAF (Sustainable Aviation Fuel) market has seen a significant price increase of 46.7% year-to-date, which is higher than the 9.4% increase in UCO (Used Cooking Oil) prices, indicating improved profitability for companies in this sector [2][6][18] - The demand for biodiesel in the Asia-Pacific region is driving a notable increase in China's biodiesel exports, particularly in Q3 2025, which saw a 15.0% year-on-year growth [7][25] - The report suggests focusing on raw material suppliers and processing companies, such as Zhuoyue New Energy, as the industry shows an upward trend in profitability and demand [2][9] Summary by Sections SAF & HVO - Four domestic companies have received export approval for a total capacity of 1.16 million tons of SAF, with the second batch of export whitelist being established in October 2025 [6][17] - The price of European FOB SAF has increased by 46.7% this year, leading to a favorable outlook for company profitability as the price gap between products and raw materials continues to widen [6][18] Biodiesel - China's biodiesel exports reached 647,000 tons in the first three quarters of 2025, a decrease of 27.5% year-on-year, but Q3 2025 saw a significant recovery with a 15.0% year-on-year increase [7][25] - The average export price of biodiesel in Q3 2025 was $1,152 per ton, reflecting an 11.7% year-on-year increase [7][25] UCO - In Q3 2025, China's UCO exports totaled 635,000 tons, a decrease of 11.2% year-on-year, attributed to the cancellation of export tax rebates in December 2024 [8][37] - The average export price for UCO in Q3 2025 was $1,082 per ton, up 19.7% year-on-year, driven by increased international demand due to EU regulations [8][37] Market Outlook - The report anticipates further supportive policies for the domestic market, particularly in renewable energy consumption targets, which will benefit the biodiesel sector [9][47] - The SAF industry is expected to grow significantly as multiple countries implement blending targets and incentives, transitioning from planning to actual demand [9][47]

Investment Rating - The report maintains a "Positive" investment rating for the industry [11]. Core Insights - In the first half of 2025, China's total exports of HVO and SAF reached 338,400 tons, a year-on-year increase of 8.06%, with domestic SAF export channels successfully opened [2][6]. - Biodiesel exports fell to 381,000 tons, a decrease of 42.4% year-on-year, primarily due to anti-dumping tariffs [7][17]. - UCO exports totaled 1,262,000 tons, down 10.5% year-on-year, with Singapore replacing the U.S. as the largest export destination [8][31]. - The report suggests monitoring overseas policies and demand changes, anticipating more supportive domestic policies to be implemented [9][43]. Summary by Sections SAF & HVO - In H1 2025, China's SAF export channels were successfully opened, with a total export volume of 338,400 tons, marking an 8.06% increase year-on-year. Jiangsu Province exported 14,900 tons of SAF to Belgium and Spain in June, likely from the Jiaao Environmental Lianyungang factory [6][16]. - Domestic SAF exports require approval from four government departments, and Jiaao Environmental received a license for 372,400 tons of bio-jet fuel, indicating a positive trend for future SAF exports [6][16]. Biodiesel - Biodiesel exports in H1 2025 were 381,000 tons, down 42.4% year-on-year, mainly due to anti-dumping tariffs imposed by the EU [7][17]. - Major export partners included Malaysia (141,000 tons), Singapore (98,700 tons), and the Netherlands (70,000 tons), with significant increases in exports to Malaysia and Singapore, likely for blending with marine fuel [7][22]. - The average export price for biodiesel was $1,103 per ton, a slight increase of 2.0% year-on-year, while total export value dropped by 40.6% to $3.02 billion [17]. UCO - UCO exports in H1 2025 were 1,262,000 tons, a decrease of 10.5% year-on-year, attributed to increased domestic SAF production and the cancellation of export tax rebates [8][29]. - The average export price for UCO was $1,048 per ton, up 17.9% year-on-year, driven by the EU's mandatory blending policy for SAF [8][29]. - Singapore became the largest export destination for UCO, with exports to the U.S. declining significantly due to high tariffs [31][35]. Market Outlook - The report emphasizes the need to track overseas policy changes and anticipates more domestic supportive policies to be implemented [9][43]. - The U.S. market faces significant uncertainty due to fluctuating tariff policies, while the EU's blending ratio requirements for SAF are expected to boost China's SAF industry [43]. - In Singapore, the demand for clean alternative fuels is projected to increase due to new carbon quota regulations for the shipping industry [43]. Investment Recommendations - The industry is viewed positively due to its reliance on waste oils as raw materials, with several companies producing qualified SAF and obtaining airworthiness certification. The report recommends focusing on raw material suppliers and processing companies like Zhuoyue New Energy [9][47].