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EIA: China is now the world’s largest net importer of petroleum and other liquid fuels

Green Car Congress

The rise in China’s net imports of petroleum and other liquids is driven by steady economic growth, with rapidly rising Chinese petroleum demand outpacing production growth. In the meantime, Chinese production will increase at a much lower rate (5% over this period) and is forecast to be only one-third of US production in 2014.

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EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

Green Car Congress

Chinese capacity is scheduled to increase significantly this year because of the start of at least two new refinery projects and a major refinery expansion. A new 230,000 b/d refinery operated by a joint venture between state-owned-firms OQ (of Oman) and Kuwait Petroleum International is set to come online in Duqm, Oman, likely in early 2023.

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Maersk parterning with 6 companies to source at least 730,000 tpy of green methanol by end of 2025

Green Car Congress

Green Technology Bank (GTB) was established in 2016 by the Chinese government with the priority task to fulfill the 2030 Agenda for Sustainable Development. Maersk intends to offtake the full volume produced on long-term contracts to help its customers realize their own ambitious emission targets. Green Technology Bank (China).

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Global solar growth is on track for another record-breaking year

Baua Electric

Ember’s data on Chinese solar export reveals significant growth is also emerging in new markets such as Pakistan and Saudi Arabia, as well as the Philippines, the UAE, Thailand, and Oman.

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