Sinopec invests 23 billion new degradable plastics project to start construction--Seetao. [Sinopec invests 23 billion new degradable plastics project to start construction] The groundbreaking ceremony of the first phase of Sinopec''s 500,000 tons/year polyglycolic acid (PGA) project was held in Zhijin County, Bijie City, Guizhou …
Learn MoreLast year, Trafigura sold a 20 per cent stake in Puma Energy, its terminals and storage business, to Sonangol Holdings, a subsidiary of Angola''s state-owned oil company. The parties did not ...
Learn More5 · Construction began on Tuesday on the world''s largest green hydrogen project, generated from solar energy, in the Xinjiang Uygur autonomous region, to aid China''s move toward sustainable energy, said its operator China Petroleum and Chemical Corp. The project is also China''s first 10,000-ton level solar-generated green hydrogen …
Learn MoreIn May 2023, Sinopec entered the ''Long Term Contract for Importation, Storage, Distribution and Sale of Petroleum Products in Sri Lanka'' with Ministry of Power and Energy (MOPE) in Sri Lanka. As per the contract, MOPE shall deliver the license to import, store, supply, distribute, and sell Petroleum Products to Identified Fuel Stations to the new …
Learn MoreTotal new-energy storage capacity, including electrochemical storage, flywheel storage, compressed air and supercapacitor storage, surged from 3.28 gigawatts (GW) last year to …
Learn MoreEnergy Storage Energy Efficiency New Energy Vehicles Energy Economy Climate Change Biomass Energy Video Policy & Regulation Exhibition & Forum Organization Belt and Road Oil & Gas Friday 19 May 2023 SINOPEC, Kazakh Firm Kazmunaygas to Co ...
Learn MoreJune 15, 2023, by Ajsa Habibic. MOL Clean Energy (MCE), a subsidiary of Japanese shipping company Mitsui O.S.K. Lines, Ltd. (MOL), has made a strategic investment in Ascension Clean Energy (ACE), a proposed global-scale clean hydrogen-ammonia production and export facility in Ascension Parish, Louisiana.
Learn MoreIn 2020, CCUS projects worldwide were capturing and storing 40 million metric tons of carbon dioxide, which is 0.1 percent of global carbon emissions, the International Energy Agency said. The agency predicts the technology will help cut carbon emissions by 1.6 billion tons, 4 billion tons and 7.6 billion tons by 2030, 2035 and 2050, …
Learn MoreShell (LON: SHEL) has signed a memorandum of understanding (MoU) with Sinopec, Baowu and BASF to explore the feasibility of developing an open-source carbon capture, utilisation and storage (CCUS ...
Learn MoreSinopec''s Zhongyuan gas storage cluster now has three blocks, the Wen 23, Wen 96 and Wei 11. The Wei 11 gas storage facility that is now up and running is a key component of establishing the natural gas storage cluster reaching 10 …
Learn MoreFeb 9, 2022 18:48 GMT+8. Sinopec has acquired a 49.9 percent stake in Feize, whose core business is the manufacture of lightweight carbon fiber composites. Nio has invested in a number of startups through its venture …
Learn MoreSep 01, 2023, 04:45 PM. SINGAPORE - China''s Sinopec Corp is setting up a new entity to invest in refinery and petrochemical assets overseas in a bid to leverage its expertise and deep pockets to ...
Learn MoreKhalifa Industrial Zone Abu Dhabi (KIZAD), a subsidiary of Abu Dhabi Ports, plans to build a $1 billion green ammonia production facility, financed by Helios Industry. UAE''s privately-owned special project vehicle company Helios Industry plans to invest over AED3.67 billion ($1 billion) in the construction of the facility over several years.
Learn MoreShell invests in CCUS, solar energy, wind energy, hydrogen energy, energy storage in the energy transition of the oil and gas industry. [16] Equinor Achieve net zero by 2050 Statoil is shifting its strategy from an oil company to a broad energy company. It is
Learn MoreFebruary 13, 2023, by Aida Čučuk. Japan''s energy company JERA has signed a Memorandum of Understanding (MoU) with the Philippines'' Aboitiz Power Corporation, a subsidiary of a conglomerate group Aboitiz Equity Ventures, to commence a joint study on ammonia co-firing for the decarbonisation of Aboitiz Power''s business.
Learn More02 Jul 2021 by Reuters. Argentine energy firm Compania General de Combustibles (CGC) said on Wednesday it had acquired the local operation of China''s Sinopec Group, helping it increase its production to over 50,000 barrels of oil equivalent per day. CGC, part of Corporacion America International, said it would buy Sinopec Argentina, without ...
Learn MoreCDHT allies with Sinopec Green Energy to drive new energy innovation in China. New energy storage and utilization feature heavily in the new partnership, catalyzing green developments in southwestern China. On May 21, the Chengdu Hi-tech Industrial Development Zone (CDHT) inked a cooperation agreement with Sinopec …
Learn MoreNew Energy Development and Utilization. In accordance with the development goal of building "China''s No. 1 hydrogen energy company", Sinopec has actively promoted the deployment and implementation of hydrogen energy planning, steadily promoted hydrogen energy transportation, made key breakthroughs in green hydrogen refining, continuously ...
Learn MoreShell completes acquisition of renewables platform Sprng Energy group. Aug 9, 2022. Shell Overseas Investment B.V., a wholly owned subsidiary of Shell plc (Shell), has completed its 100% acquisition of Solenergi Power Private Limited and with it, the Sprng Energy group of companies from Actis Solenergi Limited (Actis).
Learn MoreA Sinopec service unit said on Thursday it has signed a 7.956 billion yuan ($1.10 billion) deal to build natural gas pipelines for Saudi state oil company Aramco. The contract is for Sinopec Oilfield Service Co (600871.SS), opens new tab to procure and construct the third-phase of the Master Gas System in Saudi Arabia, the Chinese firm …
Learn More5 · Construction began on Tuesday on the world''s largest green hydrogen project, generated from solar energy, in the Xinjiang Uygur autonomous region, to aid China''s move toward sustainable energy, said …
Learn MoreNew energy storage and utilization feature heavily in the new partnership, catalyzing green developments in southwestern China. On May 21, the Chengdu Hi-tech …
Learn MoreUnder this agreement, Sinopec will acquire a 30 percent stake from KazMunayGas and other partners, participating in Kazakhstan''s largest polyethylene project. The equity transfer is expected to be completed in the first quarter of 2024. The project is currently in the extended basic design (EBD) phase, with the final investment decision ...
Learn MoreJune 7, 2024. Sinopec and Petronas have signed a memorandum of understanding (MoU) to strengthen strategic cooperation and explore new opportunities within the energy value chain. The signing ceremony, held in Kuala Lumpur, Malaysia, was attended by Sinopec Chairman Ma Yongsheng and Petronas President and CEO Datuk Tengku Muhammad …
Learn MoreAccording to its plan for the 2021-25 period, it will invest 30 billion yuan in hydrogen-related businesses, including hydrogen refueling stations and hydrogen …
Learn MoreIn 2020, Sinopec started to advance and accelerate the construction of an integrated hydrogen energy industry chain across various fields – capital operation, …
Learn MoreLast month, Sinopec put into operation the country''s largest carbon capture, utilisation and storage (CCUS) facility in east China and plans to build two more plants of similar size by 2025. read more
Learn MoreAccording to its plan for the 2021-25 period, it will invest 30 billion yuan in hydrogen-related businesses, including hydrogen refueling stations and hydrogen storage …
Learn MoreINEOS has today completed the formation of a 50/50 joint venture with SINOPEC for the Tianjin. Nangang Ethylene Project, announced in December 2022, which is currently under construction by. SINOPEC and expected to be on-stream by April 2024. The petrochemical complex includes a 1.2 mtpa cracker, a new 500ktpa High-Density …
Learn MoreChina''s Sinopec Corp plans to spend 30 billion yuan ($4.6 billion) on hydrogen energy by 2025 as the state oil and gas major pivots to producing natural gas …
Learn MoreEnergy Vault expects to merge with SPAC Novus Capital Corporation II ( NXU) in Q1 2022. It uses gravity-based energy storage technology and develops a technology-agnostic AI system. The pro forma ...
Learn MoreChina''s CNOOC Ltd (0883.HK) and CNPC agreed in 2019 to buy a combined 20% stake in the $25.5 billion Arctic-2 liquefied natural gas project led by Russian gas producer Novatek. Novatek has a 60% ...
Learn MoreChina Petrochemical Corp, or Sinopec Group, has built a new hydrogen refueling station in Southwest China''s Chongqing, the company announced on Monday. …
Learn MoreThe 3 billion yuan ($417 million) project features a 300-megawatt photovoltaic plant, a 20,000 tpa hydrogen electrolysis plant and a hydrogen storage tank farm with capacity of 210,000 cubic metres.
Learn MoreGlobal Energy Storage invests in Stargate Terminal Global Energy Storage (GES), which launched in May this year, announces today its first major investment at Europoort in the Port of Rotterdam. It is buying an interest in part of the assets of the Stargate Terminal from Gunvor Group and will develop more than 20 hectares at the …
Learn MoreIn the field of green hydrogen refining, Sinopec has been vigorously advancing centralized wind power and photovoltaic development, laying out mega-scale projects integrating renewable energy power generation, hydrogen production, storage, …
Learn MoreCarrying the goal of building China''s largest hydrogen energy company, Sinopec will also be promoting clean energy construction through accelerating the transformation of hydrogen sources from grey hydrogen to blue and green hydrogen. "During the ''14 th Five-Year Plan'' period, Sinopec will layout 1,000 hydrogen refueling stations …
Learn MoreSinopec Green Energy''s shareholders include state-owned energy producer China Petroleum & Chemical, or Sinopec. Its joint-venture partner, Iceland''s Arctic Green Energy, said last week it had raised a US$200 million funding round dedicated to Sinopec Green Energy, without identifying the investor.
Learn MoreDec 15, 2020, 11:43 AM. SINGAPORE (BLOOMBERG) - Singapore''s sovereign fund GIC has invested US$200 million (S$267 million) in a geothermal heating company backed by China''s biggest oil refiner ...
Learn MoreThe construction of the tank with a storage capacity of 270,000 cubic meters began in early 2022 and it was put into service on November 2, 2023. According to Sinopec, it will add 165 million cubic meters of storage capacity to meet the gas demand of 2.16 million ...
Learn MoreMTR Lab, a subsidiary of Hong Kong''s railway operator that invests in technology, has invested in local battery-powered energy storage system provider Ampd Energy to fund its expansion projects ...
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