Geely chairman bets big on methanol vehicles

The chairman of leading Chinese auto maker Zhejiang Geely Holding Group called for more efforts to promote the use of vehicles powered by methanol, a promising alternative fuel that is widely regarded as renewable and clean.

Li Shufu, founder of Geely and also a deputy to the 13th National People's Congress, said methanol is a clean burning fuel. It can be made from coal or biomass resources that are extensive in China, which makes methanol an ideal replacement of gasoline for the country.

Methanol should be promoted at a national level as a clean, renewable energy source, and access to methanol vehicles should be improved, Li said.