Electric cars and the oil impact With the use of electric vehicles (EVs) continuing to grow, major carmakers and tech companies are investing significantly in developing long range electric cars that are more affordable and perform better than gasoline alternatives. This is a trend we’ll continue to see, last year battery prices for electric vehicles …
Energy & Resources Talking Points 15-04-2016
China General Nuclear Power Corp outlines plans for Malaysia With the confirmation of clean energy assets in several ‘Belt and Road’ countries, China General Nuclear Power Corp (CNG) has outlined its future plans for a South-East Asian CNG Headquarter located in Malaysia. The Chinese state-owned energy giant stated that they intent to push for the …
Energy & Resources Talking Points 07-04-2016
Landmark Sanmen Nuclear project expected to be online in 2016 Chinese nuclear officials confirmed yesterday that the world’s first unit using Westinghouse Electric Company LLC’s AP1000 nuclear reactor design is anticipated to be online this year in China, with a second unit operational by June the following year. The Sanmen project, located in Zhejiang province, …
Energy & Resources Talking Points 30-03-2016
China stops building wind turbines because most of the energy is wasted Could this be the end of new wind turbine projects in China for the foreseeable future? China has stopped approving plans to build new turbines as huge amounts of wind power was wasted in 2015. Last year it was reported that 15 % …
Energy & Resources Talking Points 16-03-2016
China’s State Power Investment Corporation Purchases Wind Farm in Australia Chinese company State Power Investment Corporation (SPIC) have acquired the Taralga wind farm in New South Wales from Spain’s Banco Santander this week, hot on the heels of their $3 billion deal to buy Pacific Hydro three months ago. The farm is predicted to have …
Energy & Resources Talking Points 02-03-2016
Study finds China reaches peak carbon emissions China pledged to reach peak carbon emissions by the year 2030 at last years global climate change conference in Paris, however a new report has stated these claims as on the conservative side following an observable emission drop in 2015. The Grantham Research Institute on Climate Change and …
Energy & Resources Talking Points 03-02-16
Origin Energy discusses five year deal to supply LNG to China’s ENN Energy Origin Energy is one of Australia’s top exploration and production firm’s (supplying approx. 11% of Australia’s Gas) is currently in talks to supply China’s ENN Energy with 500,000 tons of LNG from 2018/2019. This deal is said to be based on the …
Energy & Resources Talking Points 24-02-16
Massive Chinese mine closures expected in 2016 To meet economic growth slowdown and a shifting awareness towards comprehensive pollution reduction measures, China’s Energy Bureau has announced large-scale closure of mines expected to be implemented this year. This comes as part of their comprehensive power market reforms despite China leading global coal consumption. Mines with annual output …
Energy & Resources Talking Points 17-02-2016
China crude oil imports fall in January from record high China’s crude oil imports fell 20 percent in January from record high volumes the previous month to their lowest level since October, official customs data showed on Monday. China took advantage of low global oil prices last year to add up to 185 million barrels …
Energy & Resources Talking Points 03-02-2016
ChemChina nearing buying Syngenta According to sources for a deal worth around $42.2 billion, Chinese State Owned ChemChina is on the verge of buying Swiss seeds and pesticides group Syngenta. This marks an increased shakeup of the world’s agrochemicals industry, with China looking to increase domestic productivity. ChemChina previously bought Italy’s Pirelli, and German machinery …