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In September, the National Development and Reform Commission and National Energy Administration decided to increase use of bioethanol gasoline by 2020, and to build an facility that will produce 50,000 tonnes of cellulosic ethanol a year.

Biofuel costs about three times the price of ordinary jet fuel, so lowering costs is another challenge for the industry, said Chen Yanbin, vice general manager of the Zhenhai refinery.

"Our goal is lofty as well as simple, and ultimately, we want all the Chinese to live a better life," the president said.

"I know the shared benefit is much bigger down the line than a quick win for one country."

The proposal has been warmly welcomed by the international community including many CELAC members, Xi said.