The main body of six world’s largest liquefied natural gas storage tanks in China has been built

The concrete pouring of all bearing platforms of six liquefied natural gas storage tanks with the world’s largest single tank capacity of 270000 cubic meters in the “green energy port” of CNOOC Yancheng was completed, and the construction of the main body of the storage tank was officially started. The project will build 10 large

China’s removal of renewable energy subsidy will affect fight against climate change

China’s decision to remove subsidies from the renewable energy tools will discourage the use of cleaner sources of energy and adversely impact the fight against climate change, reported Canada-based thinktank, International Forum for Rights and Security (IFFRAS). China, the largest emitter of greenhouse gases, is also the largest user of energy and amid this, the

China will build 1,000 hydrogen stations by 2030

According to the “Research Report on Hydrogen Manufacturing and Hydrogen Refueling Station Industry in China, 2016-2030” report, it is expected that 1,000 stations will be built by 2030. By the end of 2020, China had more than 7,000 FCEVs, making it the country with the largest number of fuel cell commercial vehicles in the world,

Sinopec completes china’s first megaton scale carbon capture project

China Petroleum & Chemical Corporation has completed the construction of China’s first megaton carbon capture, utilization and storage (CCUS) project, the Qilu-Shengli Oilfield CCUS (the “Project”) on January 29, which will reduce carbon emission by 1 million tons per year, the equivalent of planting nearly 9 million trees and shutting down 600,000 economy cars. As

Non-fossil fuels forecast to be 50% of China’s power capacity in 2022

Non-fossil fuel energy sources such as wind, nuclear, solar and hydropower may make up half of China’s total power generation capacity by the end of 2022, for the first time ever. China Electricity Council (CEC) has forecast that for the first time ever the country’s non-fossil energy sources make up half of China’s total power

Global energy transition to cause short-term economic pain

The transition to clean energy required to prevent temperatures from rising swiftly could shave 2% off global GDP by 2050 but is likely recoverable before the end of the century, a report by natural resources consultancy Wood Mackenzie said on Thursday. While investments in technologies like solar and wind farms, advanced batteries will generate jobs,

Could green methanol be what China needs to reach netzero?

Methanol produced with solar and wind energy is a clean and cheap alternative fuel that could slash China’s emissions by as much as 80 percent. As the largest global emitter of greenhouse gases, China’s efforts to mitigate climate change are constantly under scrutiny. Its recent promise to reach peak carbon dioxide emissions by 2030 and

China’s 2021 oil refinery output rises 4.3% to record on strong demand

China’s refinery output hit a record in 2021, up 4.3% from 2020, on robust first-half fuel demand and as refiners ramped up processing to fill a supply gap after a hefty new tax closed loopholes in blending fuel imports. Total refinery throughput last year reached 703.55 million tonnes, or 14.07 million barrels per day (bpd),

Hainan bunkering volume up 113% on year to 217,500 mt during 2021

Hainan Maritime Safety Administration supervised 420 bonded oil bunkering operations and recorded a bonded bunkering volume of 217,500 metric tonnes (mt) in 2021, representing respective increases of 158% and 113% on year, according to state media CCTV. The Hainan Provincial Department of Commerce, Hainan Maritime Safety Administration and Hainan Provincial Department of Transportation jointly issued

$36.3 bn Methanol markets by feedstock

The global Methanol market is estimated to be $30.7 billion in 2021 and is projected to reach $36.3 billion by 2026, at a CAGR of 3.4% from 2021 to 2026. Increase in demand of methanol from the end-use industries such as automotive, construction, electronics, solvents, pharmaceuticals, appliances, packaging, and insulation is propelling the growth of