China’s Sinopec has developed a steam-cracking technology to convert oil directly into high-demand petrochemical products such as ethylene and propylene, cutting costs and production times as well as significantly reducing carbon emissions. Could this be the low-carbon answer to petrochemical production, as the global need for these products keeps increasing …
Read More »China’s Installed Clean Energy Capacity Registers Rapid Growth
China’s installed capacity of renewable energy power generation reached 1 billion kilowatts (kWs) by the end of October, accounting for 43.5 percent of the total installation, data from the National Energy Administration (NEA) showed Saturday. The 1 billion-kW threshold doubled the figure at the end of 2015, the NEA said. …
Read More »World’s Major Automakers Pledge to End Sale of Gas Cars by 2040
A new agreement involving nations, companies, and cities aims to eliminate fossil fuel vehicles by 2040, bringing the globe one step closer to abandoning gas-powered cars. The Glasgow Declaration on Zero Emission Cars and Vans, which was introduced at this year’s COP26 climate summit, is the first of its kind. …
Read More »US, China Sign Deal to Enhance Climate Action
China and the US have signed a joint declaration on enhancing climate action over the next decade in a bid to achieve the goals set in the 2015 Paris Agreement. The announcement was made at the 26th United Nations Climate Change Conference of the Parties (COP26) in Glasgow, Scotland which …
Read More »China Pledge could Trigger Big Drop in
China’s pledge to stop building coal power plants abroad could lead to a sharp drop in the number of coal plants being completed in Asia, according to a study released on Wednesday (Nov 10). President Xi Jinping’s announcement in September that China would no longer build coal plants overseas could …
Read More »ExxonMobil to Proceed with China Mega Chemical Project Investment
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 …
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