Sinopec says it will push deeper into China’s fast-growing hydrogen energy sector in a move that could reverberate through the global oil industry, as the country’s biggest refiner unveiled record quarterly earnings, reported the Financial Times. The state-backed company, which has RMB 87 billion ($13 billion) in cash, said on Thursday it planned to […]
Category: Energy & Environment
China’s domestic aviation fuel consumption rebounded to near pre-COVID levels in September, thanks to a fast recovery in passenger travel and cargo freight, although demand from international flights remained weak, industry sources said, reported Reuters. Domestic aviation fuel sales amounted to about 2 million tonnes (523,300 barrels per day) last month, the highest since February […]
China has releasedguidelines on investment and financing activities surrounding climate change, marking another step for the government in gearing up the country’s financial sector to embrace a green future, reported Caixin. The guidelines — jointly published by the Ministry of Ecology and Environment, the National Development and Reform Commission, the People’s Bank of China, the China […]
Sales of new energy vehicles (NEV) in China, the world’s biggest auto market, will jump to 50% of overall new car sales by 2035 from just 5% at present, the China Society of Automotive Engineers (China-SAE) said on Tuesday, reported Reuters. A technology roadmap by the association predicts 95% of NEV sales in 2035 will […]
China’s largest lithium producer plans to build a battery recycling plant in Mexico to supply minerals to the US as it looks to tap a growing market for used materials in electric vehicles, reported the Financial Times. Wang Xiaoshen, chief executive of Ganfeng Lithium, said the Mexican facility could recycle batteries from Tesla cars as […]