US energy giant ExxonMobil has made a final investment decision on a multi-billion-dollar chemical complex in Guangdong province in southern China. The greenfield project includes a 1.6m tonne/year flexible feed steam cracker, three performance polyethylene (PE) lines, and two differentiated performance polypropylene (PP) lines, ExxonMobil said late on Monday. Construction …
Read More »China to Lead Asia LNG Regasification Capacity Additions through 2025
China is expected to lead Asia’s LNG regasification capacity additions, contributing 36% of the total LNG regasification capacity additions between 2021 and 2025, forecasts GlobalData, a leading data and analytics company. GlobalData’s report, ‘Asia Capacity and Capital Expenditure Outlook for LNG Regasification Terminals, 2021–2025 –China Dominates LNG Regasification Capacity Additions …
Read More »Iran, China Top FMs Discuss Vienna Talks, IAEA Cooperation
The top diplomats from Iran and China discussed upcoming nuclear talks in Vienna on Saturday and Iran’s cooperation with the UN nuclear watchdog. Foreign Minster Hossein Amir-Abdollahian expressed hope to his Chinese counterpart Wang Yi in a telephone call that the US and the Europeans would “enter the negotiations realistically,” …
Read More »China Calls for Stronger Climate Actions despite not Attending the COP26
Two countries, two neighbors, two of the most populated countries in the world — China and India talked of their individual approaches to climate change at the COP26 summit in Glasgow, Scotland. The event was delayed by a year because of the COVID-19 pandemic. It comes six years after the …
Read More »Sinopec Signs China’s Largest Long-Term LNG Contract with U.S. Firm
China’s Sinopec has signed a contract with U.S. Venture Global LNG to buy 4 million tonnes of liquefied natural gas (LNG) annually for 20 years. The deal is the largest LNG long-term contract signed between Chinese and U.S. companies, Venture Global said in a statement. The LNG will be supplied …
Read More »China Discovers 485 Million Tons of Shale Oil in Shandong Province
The Shengli Oilfield affiliated to Sinopec in Dongying, east China’s Shandong Province, reported a discovery 485 million tons of shale oil, and a shale oil reserve of more than 4 billion tons after pilot exploration, the state broadcaster CCTV reported on Tuesday. The maximum daily shale oil output of a …
Read More »China Ratchets up Efforts to Boost Energy Supplies in Winter
After a power crunch battered the world’s second largest economy from September, China has achieved significant improvement in coal supply due to expanded output and stabilizing prices. As winter approaches, the country is boosting energy supplies in full swing to ensure winter heating needs. China Energy said the coal industry …
Read More »China to Recycle 150k tonnes of CO2 to Make Solar Panel Materials
How could carbon dioxide emissions reduce the carbon footprint of the production of solar panels? The Chinese petrochemicals corporation Jiangsu Sailboat Petrochemicals Co has unveiled plans to build a project that will recycle an estimated 150,000 tonnes of carbon dioxide every year to use in the manufacture of solar panel …
Read More »The Greenest Olympic Games are Coming
The 2022 Beijing Winter Olympics will be the first “zero carbon” Olympics in history. Renewable energy will power the six venues cutting carbon emissions by 320,000 tons and the use of coal by 128,000 tons. With low-carbon technology used in construction and renovation, the global event is expected to be …
Read More »China Commits to 80% of Energy Mix from Non-Fossil Fuels by 2060
China will work toward having 80% of its total energy mix from non-fossil fuel sources by 2060 and 1,200 GW of solar and wind generation capacities by 2030, according to a high-level policy framework for achieving peak carbon and carbon neutrality, published by the State Council, the country’s highest executive …
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