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ECONOMY-FINANCE

Gobi, desert tapped to be clean energy dynamo

By ZHENG XIN | China Daily | Updated: 2021-10-14 09:42 The first phase of the Dunan PV polysilicon project is located in Bayannur, Northeast China's Inner Mongolia autonomous region, on July 13, 2021. [Photo/IC] China's plan to further optimize its energy mix by building massive wind and solar power facilities in the country's the Gobi and other desert areas will facilitate the country's ambition of reaching more than 1,200 gigawatts of installed solar and wind capacity by 2030, said an analyst.

  1 month ago ago
Gobi, desert tapped to be clean energy dynamo

ECONOMY-FINANCE

China's 1st large-scale, ultra-deepwater gas field opens

By Zheng Xin | chinadaily.com.cn | Updated: 2021-09-06 16:48 Deep Sea No 1, a semi-submersible oil production and storage facility, is located in the waters off South China's Hainan province. [Photo/Xinhua] Deep Sea No 1, the first large-scale, ultra-deepwater gas field independently explored and developed by China, was put into operation on Monday, said its operator, China National Offshore Oil Corp.

  3 months ago ago
China's 1st large-scale, ultra-deepwater gas field opens

ECONOMY-FINANCE

BP signs agreement with Aulton for battery swapping

By Zheng Xin | chinadaily.com.cn | Updated: 2021-11-09 19:59 BP has signed an equity purchase agreement with Aulton New Energy Automotive Technology Co Ltd, to become a shareholder of its subsidiary, Guangzhou Aulton New Energy Technology Co Ltd, the company said on Monday. The acquisition will result in Guangzhou Aulton operating as a joint venture between BP and Aulton New Energy to provide safe and efficient battery swapping services for taxis, ride-hailing providers, and other passenger cars in Guangzhou, it said.

  25 days ago ago
BP signs agreement with Aulton for battery swapping

ECONOMY-FINANCE

Work on China's longest coaled methane pipeline completed

By Zheng Xin | chinadaily.com.cn | Updated: 2021-10-21 15:04 The logo of China National Offshore Oil Corp (CNOOC) is pictured at its headquarters in Beijing, China April 4, 2018. [Photo/Agencies] The construction of the country's longest coalbed methane pipeline finished construction on Wednesday, coming one step closer to the operation of the pipeline, which is under the trunk channel of the South-to-North Water Diversion Project, said its operator China United Coalbed Methane Corp.

  1 month ago ago
Work on China's longest coaled methane pipeline completed

ECONOMY-FINANCE

SPIC sees sixfold increase in solar

By Zheng Xin | chinadaily.com.cn | Updated: 2021-09-30 19:27 The booth of State Power Investment Corp at an industry expo in Beijing. [Photo by Da Wei/For China Daily] State Power Investment Corporation has witnessed a six-fold increase of its installed photovoltaic capacity in the past five years, making the company a leader in solar installed capacity growth worldwide, a company official said.

  2 months ago ago
SPIC sees sixfold increase in solar

ENVIRONMENT

Xinjiang company helping Central Asian, African countries save water

By Zheng Xin | chinadaily.com.cn | Updated: 2021-09-26 08:35 A company in Northwest China's Xinjiang Uygur autonomous region has been exporting drip irrigation technology to Central Asian countries including Uzbekistan and Tajikistan in recent years to help them establish a modern water conservation system. The technology has been applied to cotton fields and other crops in relatively arid land, covering an area of 150,000 mu (10,000 hectares) in nations in Central Asia and Africa as a modern water conservation demonstration project, said Zhou Jun, general manager of Xinjiang Tianye Group.

  2 months ago ago
Xinjiang company helping Central Asian, African countries save water

ECONOMY-FINANCE

CNPC to boost ethylene production in Xinjiang

By Zheng Xin | chinadaily.com.cn | Updated: 2021-09-26 08:39 A CNPC logo. [Photo/IC] China National Petroleum Corp vows to further step up the ethylene production in its Dushanzi petrochemical plant located in China's Xinjiang Uygur autonomous region and come up with more high-end characteristic refining products.

  2 months ago ago
CNPC to boost ethylene production in Xinjiang

ECONOMY-FINANCE

Inaugural smart offshore oilfield up and running

By ZHENG XIN | China Daily | Updated: 2021-10-15 09:03 A CNOOC employee works on an offshore oil drilling platform in the Bohai Sea on Feb 20, 2020. [Photo by Jia Lei/For China Daily] The country's first offshore "smart" oilfield, Qinhuangdao 32-6 smart oilfield, has entered service, its operator China National Offshore Oil Corp said on Thursday.

  1 month ago ago
Inaugural smart offshore oilfield up and running

ECONOMY-FINANCE

Diverse imports rein in LNG uptrend

By ZHENG XIN | China Daily | Updated: 2021-09-23 10:33 A worker checks natural gas pipelines at a gas compressor station in Tangshan, Hebei province. [Photo/Xinhua] Quasi-green fuel prices surge 10.2 percent in August on economic bump China's diversified gas import sources and the prevalence of long-term contracts are likely to put the brakes on surging gas prices in the country, experts said.

  2 months ago ago
Diverse imports rein in LNG uptrend

ECONOMY-FINANCE

1st Shandong Peninsula South 4 offshore wind power units start up

By Zheng Xin | chinadaily.com.cn | Updated: 2021-09-13 17:25 The first batch of the Shandong Peninsula South 4 offshore wind power units were connected to the grid and started power generation on Sunday. [Photo/IC] The first batch of the Shandong Peninsula South 4 offshore wind power units were connected to the grid and started power generation on Sunday, making it the first commercial-scale offshore wind project in the coastal province.

  2 months ago ago
1st Shandong Peninsula South 4 offshore wind power units start up

ECONOMY-FINANCE

Rio Tinto, Ouyeel Finance sign deal to advance digital trade

By Zheng Xin | chinadaily.com.cn | Updated: 2021-09-06 16:34 A sign atop mining company Rio Tinto's office in Perth, Western Australia, Nov 19, 2015. [Photo/Agencies] Metals and mining corporation Rio Tinto has signed a Memorandum of Understanding with Ouyeel Finance under China Baowu Steel Group Corporation Limited and Bank of China on Monday to advance digital innovation in international commodity trade, alongside the 2021 China International Fair for Trade in Services in Beijing.

  3 months ago ago
Rio Tinto, Ouyeel Finance sign deal to advance digital trade

ECONOMY-FINANCE

Longer coal contracts may rein in prices

By ZHENG XIN | China Daily | Updated: 2021-09-18 07:40 A thermal power plant in Nanjing, Jiangsu province. [FANG DONGXU/FOR CHINA DAILY] In China's coal sector that has been marred recently by price surges, regional authorities and related enterprises should ensure the fuel consumed by power generators and heat supplying companies is sourced under medium- and long-term contracts, a recent guideline released by the National Development and Reform Commission, the country's top economic regulator, stated.

  2 months ago ago
Longer coal contracts may rein in prices

ECONOMY-FINANCE

Solar energy JV's green financing a first in China

By Zheng Xin | chinadaily.com.cn | Updated: 2021-08-24 15:14 A vast expanse of solar panels shadows the surface of a semi-desert in Northwest China's Qinghai province, turning it into a photovoltaic park. [Photo provided to chinadaily. com. cn] TEESS, a 50/50 joint venture company established by TotalEnergies and Envision, has reached the financial close of the first part of a total $80 million non-recourse debt for a 170 megawatts (MW) portfolio in China, the first international non-recourse project financing in China's renewable sector, the company said on Tuesday.

  3 months ago ago
Solar energy JV's green financing a first in China

ECONOMY-FINANCE

Energy China eyes expansion in overseas markets

By ZHENG XIN | China Daily | Updated: 2021-09-30 08:45 The booth of China Energy Engineering Group Co Ltd during an expo in Beijing. [Photo provided to China Daily] China Energy Engineering Group Co Ltd, or Energy China Group, has vowed to further expand its world business especially in clean energy projects abroad, as it set up its global business subsidiary, China Energy International Group Co Ltd, in Beijing on Wednesday.

  2 months ago ago
Energy China eyes expansion in overseas markets

SCIENCE-HIGHTECH

China marks key milestone in fourth-generation nuclear energy system

By Zheng Xin | chinadaily.com.cn | Updated: 2021-08-23 14:32 The world's first industrial-scale demonstration plant of high temperature gas-cooled reactor with pebble-bed module starts fuel loading on Aug 21. [Photo/WeChat account of CNNC] The world's first industrial-scale demonstration plant of high temperature gas-cooled reactor with pebble-bed module, which was fully developed by China with independent intellectual property rights, started fuel loading on August 21, said its operator China National Nuclear Corporation.

  3 months ago ago
China marks key milestone in fourth-generation nuclear energy system

ECONOMY-FINANCE

China marks a key milestone in the fourth-generation nuclear energy system

By Zheng Xin | chinadaily.com.cn | Updated: 2021-08-24 17:30 Sinopec employees charge a vehicle with hydrogen in Qingdao, Shandong province. [Photo by Yu Fangping/For China Daily] China Petrochemical Corp, or Sinopec Group, has finished construction on the second phase of its Shandong LNG terminal on Tuesday, two months ahead of the winter heating season which starts in mid-October.

  3 months ago ago
China marks a key milestone in the fourth-generation nuclear energy system

ECONOMY-FINANCE

BP signs long-term deal with Shenzhen Gas

By Zheng Xin | chinadaily.com.cn | Updated: 2021-10-21 15:19 An illuminated BP logo is seen at a petrol station in Gateshead, Britain, on Sept 23, 2021. [Photo/Agencies] BP signed a gas sales and purchase agreement with Shenzhen Sino-Benny LPG Co Ltd on Wednesday, the first long-term deal with price indexed to international LNG in China's domestic gas market, to support China's growing energy needs.

  1 month ago ago
BP signs long-term deal with Shenzhen Gas

ECONOMY-FINANCE

Sinopec to invest 30b yuan in hydrogen related business

By Zheng Xin | chinadaily.com.cn | Updated: 2021-08-30 17:07 Sinopec employees charge a vehicle with hydrogen in Qingdao, Shandong province. [Photo by Yu Fangping/For China Daily] China Petroleum and Chemical Corp, which is known as Sinopec and is the world's largest refiner by volume, plans to invest 30 billion yuan ($4.64 billion) during the 14th Five-Year Plan (2021-2025) period in hydrogen related business, the company said on Monday.

  3 months ago ago
Sinopec to invest 30b yuan in hydrogen related business

SCIENCE-HIGHTECH

Shidaowan reactor goes critical; safe energy next

By ZHENG XIN | China Daily | Updated: 2021-09-14 08:24 A worker performs a soldering job at a factory in Qinhuangdao, Hebei province, which makes equipment for the HTGR reactor plant at Shidaowan in Shandong province. [Photo/Xinhua] The No 1 reactor of Shidaowan nuclear power plant in Shandong province, the world's first industrial-scale demonstration plant of high-temperature gas-cooled reactor with pebble-bed module, which is considered relatively safer, has reached the critical stage of success on Sunday, said China Huaneng Group Co Ltd, its operator.

  2 months ago ago
Shidaowan reactor goes critical; safe energy next

ECONOMY-FINANCE

PetroChina reports net profit after period of losses

By Zheng Xin | chinadaily.com.cn | Updated: 2021-08-26 19:51 PetroChina employees conduct daily inspections on equipment at a facility in Puyang, Henan province. [Photo by Tong Jiang/For China Daily] PetroChina Company Limited, a major oil and gas producer and distributor, reported a net profit of 53.04 billion yuan ($8.18 billion) on Thursday, compared to a net loss of 29.98 billion yuan during the same period last year.

  3 months ago ago
PetroChina reports net profit after period of losses