article thumbnail

Haldor Topsoe and Yanchang form joint venture and build methanol catalyst facility in China

Green Car Congress

Haldor Topsoe and Shaanxi Yanchang Petroleum have formed a joint venture with the aim of delivering locally produced MK-151+ methanol synthesis catalysts to the Chinese market. Together, the two companies will build a production facility in Shaanxi Fupin in China to produce methanol synthesis catalysts.

China 243
article thumbnail

Utility solar dethrones coal as the cheapest power source in Asia

Baua Electric

Photo: China News Service Renewable energy costs in Asia last year were 13% cheaper than coal and are expected to be 32% cheaper by 2030, according to a new study. This is significant because it marks a shift toward making renewables increasingly competitive with coal, a mainstay in APAC’s energy mix. Get started here. –

Asia 52
article thumbnail

Sinopec establishes coal-to-chemical unit

Green Car Congress

(Sinopec Group) formally established a coal-to-chemical unit in Beijing on September 28. will take charge of the investment and operation of coal-to-chemical business of the parent company, construction of the coal-to-chemical projects, as well as professional management of the coal-to-chemical business.

Coal 231
article thumbnail

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

Green Car Congress

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
article thumbnail

Ukraine state oil and gas company signs $3.656B credit agreement with China Development Bank to finance substituting natural gas with coal

Green Car Congress

The Ukraine state oil and gas company Naftogaz signed a US$3.656-billion credit agreement with the state-owned China Development Bank to finance the program of substituting natural gas with locally produced coal. billion annually and stimulate the production of 10 million tons of domestic coal per year.

Ukraine 236
article thumbnail

Shell, Shenhua to Partner on RD in Advanced Coal Technology; Shell Qualifies 3 Chinese Companies to Manufacture Gasification Technology

Green Car Congress

Shell Coal Gasification Process. Shell (China) Limited and Shenhua Coal to Liquid and Chemical Co. Shenhua) have agreed to seek opportunities for conducting joint research and development in advanced coal technology. Shenhua Coal to Liquid and Chemical Co. Shenhua Group is the world’s largest coal company.

Coal 199
article thumbnail

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

Green Car Congress

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