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Rostec and Shenhua to invest up to $10B into coal mine development and infrastructure in Russian Far East; coal and power

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Russian State Corporation Rostec, one of the largest Russian industrial conglomerates, and Chinese State Corporation Shenhua, the world’s leading producer and distributor of coal, have signed a Memorandum of Understanding. High calorific value coal concentrate will be exported to Asia-Pacific countries, mainly to China.

Coal 210
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BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

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However, the resulting low gas prices, as well as clean air and climate policies, will promote further switching to gas from other more polluting energy sources, such as oil and coal. The development of an international hydrogen market could also accelerate adoption. The hydrogen market is on the verge of a revolution.

Gas 243
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BNEF: Net-zero transition potentially a $3.5T investment opportunity for Indonesia

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Today, coal-fired plants meet more than 60% of Indonesia’s power demand. Under the ETS, coal’s share rises to a peak of 74% by 2027 and then declines to 24% in 2050. —Caroline Chua, BNEF’s Southeast Asia clean power lead analyst. —Allen Tom Abraham, BNEF’s Asia-Pacific lead transport analyst.

Indonesia 195
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GE and Shenhua open coal gasification joint venture in China

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a 50:50 joint venture with Shenhua Group to advance the development and deployment of “cleaner coal” technology solutions in China. GBI report: Asia-Pacific to be the leading coal-producing region. The region’s coal industry comprises China, India, Australia, Indonesia, Kazakhstan, Thailand, Vietnam and New Zealand.

Coal 199
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EIA projects increases in global energy consumption and emissions through 2050

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In its International Energy Outlook 2021 (IEO2021), EIA projects that strong economic growth, particularly with developing economies in Asia, will drive global increases in energy consumption despite pandemic-related declines and long-term improvements in energy efficiency. —EIA Acting Administrator Stephen Nalley.

Global 259
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IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

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The report underlines concerns about the stability of global energy markets in the wake of the COVID-19 pandemic and follows a decision by several countries including the United States, Japan and India to release strategic petroleum reserves to cool prices. As a result, investment decisions are becoming increasingly complex.

Price 416
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ExxonMobil projects natural gas will overtake coal as second most widely used source of energy by 2025

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By 2025, ExxonMobil predicts natural gas will overtake coal to become the second most widely used source of energy worldwide. This historic shift of global energy markets toward increased use of natural gas will create new opportunities for economic growth and environmental progress, said Rex W. —Rex Tillerson.

Coal 244