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Wood Mackenzie: China thermal coal demand to double to nearly 7btpa by 2030

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In a new report, energy, mining and minerals consultancy Wood Mackenzie projects that despite efforts to limit coal consumption and seek alternative fuel options, China’s strong appetite for thermal coal will lead to a doubling of demand by 2030. It is very unlikely that demand for thermal coal in China will peak before 2030.

Coal 218
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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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SK E&S, SK Plug Hyverse partner with Korea South-East Power for green hydrogen & green ammonia production

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SK E&S signed a memorandum of understanding (MOU) with SK Plug Hyverse and KOEN regarding cooperation for carbon neutrality and the production of green hydrogen and green ammonia which will be consumed for co-firing at KOEN’s natural gas and coal based thermal power plants, by using electrolyzers to be produced in Korea by SK Plug Hyverse.

Green 284
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GE and Shenhua form coal gasification JV in China

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GE and Shenhua have agreed to form an industrial coal gasification joint venture to advance the deployment of “cleaner coal” technology solutions in China. The new company combines GE’s expertise in industrial gasification technologies with Shenhua’s expertise in coal gasification and coal-fired power generation.

Coal 186
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BNEF report finds hydrogen promising decarbonization pathway, but carbon prices and emissions policies required

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The falling cost of making hydrogen from wind and solar power offers a promising route to cutting emissions in some of the most fossil-fuel-dependent sectors of the economy, such as steel, heavy-duty vehicles, shipping and cement, according to a new report from BloombergNEF (BNEF). Summary of the economics of a hydrogen economy.

Hydrogen 221
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BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

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Another 45% could come from recycled material, and the rest from a combination of older, coal-fired plants fitted with carbon capture systems and innovative processes using electricity to refine iron ore into iron and steel. The next ten years could see a massive expansion of steel capacity to meet demand in growing economies, such as India.

Hydrogen 221
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BloombergNEF: solar, wind, batteries to attract $10T to 2050; curbing emissions long-term will require other technologies

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Our power system analysis reinforces a key message from previous New Energy Outlooks—that solar photovoltaic modules, wind turbines and lithium-ion batteries are set to continue on aggressive cost reduction curves, of 28%, 14% and 18% respectively for every doubling in global installed capacity.

Wind 207