1. Definition and Classification. 2

2. Macro Environment and Renewable Industry. 2

2.1 Global Economy Downturn. 2

2.2 Energy Background. 3

3. Development and Current Situation of Biofuels Industry. 6

3.1 Biofuels Introduction. 6

3.2 Biofuels in China. 7

3.3 Ethanol 7

3.4 Biodiesel 11

4. Investment Environment 14

4.1 New Energy Investment Environment 14

4.2 Biofuels Investment Environment 15

5. PESTLE Analysis. 15

5.1 Political 15

5.2 Economic. 16

5.3 Sociological 16

5.4 Technological 16

5.5 Legal 16

5.6 Environmental 17

6. Comments on Biofuels Industry. 17

7. Company Analysis. 17

7.1 Gushan Group （古杉集团）... 17

7.2 Anhui BBCA Biochemical Co. Ltd （安徽丰原生化股份有限公司）... 21

7.3 Henan Tian Guan Group （河南天冠集团）... 24

7.4 Zhenghe Bioenergy Sources CO. Ltd. （正和生物能源有限责任公司）... 27

7.5 Ally High-Tech Co. Ltd. （亚联高科有限责任公司）... 29

7.6 Jilin Fuel Alcohol Co Ltd  (吉林燃料乙醇有限责任公司) 31