(Source: Shanghai Daily) CHINA’S largest coal miner China Shenhua Energy Co will merge with power giant China Guodian Corp to create the world’s largest power group, the State-owned Assets Supervision and Administration Commission said yesterday. The merger has been approved by the State Council and the merged entity will be […]
(Source: CPCIA) According to the National Bureau of Statistics, six provinces in China displayed negative growth in energy consumption in 2016. Tianjin energy consumption fell by 0.2%, Liaoning and Jilin fell by 2.9%, 1.6%, Henan declined by 0.2% while Gansu fell by 2.5%. Read full article…
(Source: Tanpaifang) As the Shanghai Composite Index rose by 0.14%, the chemical sector declined by 1.09%. Most of the sub-sectors fell including chemical raw materials and the phosphorus chemical industry. Read full article…
(Source: BP) BP Target Neutral, BP’s voluntary carbon offsetting programme, is celebrating its 11th year with an announcement that it has expanded the portfolio of carbon offsetting projects for 2017.New projects in India, Peru, China and Mexico have been added to the portfolio, which includes activities as diverse as forest conservation, […]
(Source: Business Times) Oil steadied above US$46 a barrel in New York after China’s economic growth in the second quarter slightly surpassed expectations, while Opec’s commitment to supply curbs faltered. Read full article…
(Source: Xinhua News) Authorities in China’s Shanxi province have decided to suspend or hold back the development of coal mines with a capacity of 120 million tonnes or more till 2020. Besides cutting its coal production capacity by over 100 million tonnes, the province will also suspend the development of […]
(Source: Bloomberg) Saudi Arabian Oil Co. agreed to build a refinery and petrochemical plant in China, deepening ties between world’s biggest oil seller and its largest importer. Saudi Aramco, as the company is known, and state-owned China North Industries Group Corp. signed an agreement Tuesday for an integrated refining and chemical […]
(Source: Reuters) China’s coal imports in the first four months of the year jumped 33.2 percent to 89.49 million tonnes, data showed on Monday as utilities and steel mills continued to buy cheaper foreign fuel as Beijing ramped up efforts to phase out overcapacity. Read full story….
(Source: China Daily) China’s photovoltaic power facilities generated 21.4 billion kilowatt-hours (kWh) of electricity in the first quarter, up 80 percent year on year. The amount accounted for 1.47 percent in the country’s total power generation, according to the National Energy Administration. Read full story….
(Source: Reuters) Beijing will encourage coal companies to merge and restructure to increase efficiency in the industry and take measures to return thermal coal prices to a “reasonable” range, according to China’s economic planning agency. The comment by the state planner, the National Development and Reform Commission (NDRC), came after a […]