Dutch company's growth hopes are fueled in China

Dutch life sciences company Royal DSM is hoping to bring its second-generation biofuel technology, which converts agricultural waste into renewable energy, to China after opening its first commercial-scale cellulosic ethanol production plant in the United States last week.

The technology will have "phenomenal" market potential in China, which is eager to reduce its dependence on traditional energy, DSM's Chief Executive Feike Sijbesma said, adding that hundreds of billions of dollars are at stake if the technology is applied successfully in the Chinese market.

"With our first factory in the US making it possible, we hope to bring it to China, too," Sijbesma told China Daily on the sidelines of the World Economic Forum in Tianjin.