With the world’s largest station for iron-chromium flow battery tested on Tuesday in north China, the country has paved a new path for renewable energy storage. An iron-chromium flow battery is a new energy storage application technology utilizing the chemical properties of iron and chromium ions in the electrolyte. It …
Read More »China’s Yunnan to Build Solar Energy Projects with Total Generation Capacity of 10 GW
Southwest China’s Yunnan Province on Monday inked photovoltaic project deals with a total generation capacity of 10 gigawatts in a green drive to alleviate its power supply shortage. Yunnan Provincial Energy Investment Group and Yunnan Provincial Investment Holdings Group signed the project deals with parties from seven prefectures and cities …
Read More »Electric Energy Expected to Exceed 30% of China’s Terminal Energy Consumption in 2025
The proportion of China’s electrical energy is expected to exceed 30 percent of the country’s total terminal energy consumption by 2025, according to a report released by China Electric Power Enterprise Federation on Friday. Statistics showed that China’s current terminal energy consumption electrification rate stands at 27 percent, higher than …
Read More »China Starts to Build World’s Highest Ultrahigh-Voltage Electricity Transmission Project
China commenced the construction of the world’s highest ultrahigh-voltage electricity transmission project, from Southwest China’s Sichuan Province and Xizang Autonomous Region to Central China’s Hubei Province, media outlet the Sichuan Daily reported on Tuesday. The transmission project will transmit about 40 billion kilowatt hours of electricity including hydro electricity from …
Read More »IMF Says China, India to Contribute Half of Global Growth this Year
With the fading of economic headwinds and easing of global financial conditions, China and India alone are expected to contribute more than half of global growth this year, with the rest of Asia contributing an additional quarter, International Monetary Fund IMF) said on Tuesday in its blog post on Asia’s …
Read More »Iraq Signs Contracts with UAE and Chinese Companies to Invest in Gas Fields
Iraq’s oil ministry on Tuesday signed several contracts with UAE’s Crescent Petroleum, China’s Geo Jade Petroleum and Hong Kong’s United Energy Group (UEG) to develop oil and gas fields in Diyala and Basra provinces, as the country plans to be self-sufficient in gas production within the next three years. Iraq’s …
Read More »Chinese Shipbuilder Delivers World’s Largest River-Sea Intermodal LNG Carrier
An 80,000-cubic meter liquefied natural gas (LNG) carrier was delivered in east China’s Shanghai on Saturday, making it the largest river-sea intermodal LNG carrier in the world, said its builder Hudong Zhonghua Shipbuilding (Group) Co., Ltd., a subsidiary of the China State Shipbuilding Corporation Limited. With a length of 239 …
Read More »China’s Petrochemical Industry Sees Increased Revenue in 2022
China’s petrochemical industry saw an increase in revenues and a decline in profits in 2022, according to the China Petroleum and Chemical Industry Federation (CPCIF). The country’s petrochemical industry registered a total revenue of 16.56 trillion yuan (about 2.41 trillion U.S. dollars) in 2022, climbing 14.4 percent year on year, …
Read More »China’s Crude Oil Imports Expected to Hit a Record High in 2023
The Chinese reopening and new refineries coming online are set to raise the crude oil imports in the world’s top importer to a record-high this year, industry consultants told Reuters. Chinese crude oil imports could increase to average as high as 11.8 million barrels per day (bpd) this year, rising …
Read More »China Wants to Know how much Russian Oil its Independent Refiners are Buying
The Chinese Ministry of Commerce has recently met with representatives of around ten independent refiners to inquire about how much Russian crude oil the private refiners are importing and at what prices, sources familiar with the matter told Reuters on Friday. China is buying increased volumes of Russian crude as …
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