The development space of China’s new chemical materials industry is enormous
Wednesday, 20 November 2024
The production system of China’s new materials industry is basically complete,and the scale of the industry continues to grow,forming the world’s most comprehensive and largest materials industry system.China ranks first in the world in terms of production of over a hundred materials,including steel,non-ferrous metals,rare earth metals,cement,glass,chemical fibers,advanced energy storage materials,photovoltaic materials,organic silicon,polyurethane raw materials,superhard materials,and
China’s first million kilowatt offshore photovoltaic project connected to the grid
Thursday, 14 November 2024
According to China National Energy Corporation,on November 13th,the first million kilowatt offshore photovoltaic project in China,the first batch of photovoltaic power generation units of the Guohua Investment Shandong Kenli 1 million kilowatt offshore photovoltaic project,were successfully connected to the grid. This project is a three-dimensional,layered,and truly offshore photovoltaic project currently located in an open sea
The retail price adjustment of refined oil products will be lowered for the ninth time
Wednesday, 06 November 2024
The domestic refined oil price adjustment window will open at 24:00 on November 6th.The retail price of refined oil in this round is about to be lowered.The retail price of refined oil in 2024 has experienced nine upward adjustments,eight downward adjustments,and four stranded adjustments.The crude oil change rate remains negative during the cycle,and the retail
Germany explores importing renewable hydrogen in the form of iron to replace fossil fuels
Thursday, 31 October 2024
Germany is seeking to promote energy economic transformation and decarbonization of energy intensive industries by importing renewable hydrogen.According to a recent study,hydrogen can be transported in the form of iron,providing a new option for Germany’s energy strategy. Hydrogen is seen as the key to achieving a climate neutral energy economy,aimed at replacing fossil fuels such
It is expected that international oil prices will fluctuate in the short term
Thursday, 24 October 2024
On the 23rd,the National Development and Reform Commission announced that based on recent changes in international market oil prices and in accordance with the current mechanism for forming refined oil prices,domestic gasoline and diesel prices will increase by 90 yuan and 85 yuan per ton respectively from 24:00 on October 23,2024. During this round of
The future rise of electrolytic aluminum is not yet over
Thursday, 17 October 2024
In recent years,the export volume of Guinea’s bauxite has grown rapidly,especially the proportion of exports to China in its total bauxite export volume continues to rise.Data shows that in 2023,China’s imports of bauxite from Guinea reached 99.13 million tons,exceeding the amount imported from Australia.Due to the disruptions caused by explosions and strikes at Guinea’s oil
How to hedge the risk of oil price fluctuations against the escalation of geopolitical crises
Thursday, 10 October 2024
Driven by the expectation of resuming production after the voluntary reduction of OPEC+production,international crude oil prices continued to decline from early July until mid September when they stopped falling and rebounded.In the first week of October,the geopolitical crisis in the Middle East escalated,and international crude oil prices rose sharply,but did not return to the high
The EU’s green transition period will stimulate hydrogen fuel production
Monday, 30 September 2024
The EU will take measures to exclude Chinese made hydrogen electrolysis cells from the upcoming tender,which aims to stimulate the production of hydrogen fuel during the EU’s green transition period. According to a statement on Friday(September 27th),the European Commission,the executive body of the European Union,will conduct a second round of 1.2 billion euros(1.34 billion US
The United States invests $15 million in innovative clean hydrogen production systems
Friday, 27 September 2024
The US Department of Energy(DOE)has announced$15 million for the development of innovative systems for clean hydrogen production,which will support technologies to convert biomass and other waste into affordable low-carbon fuels. The Office of Fossil Energy and Carbon Management(FECM)of the US Department of Energy announced that it will provide up to$15 million in federal funding to
Continuous optimization of energy production structure
Friday, 20 September 2024
The series of reports on the economic and social development achievements of New China in the past 75 years released by the National Bureau of Statistics today shows that China’s energy production capacity has steadily improved and the foundation of supply guarantee has been continuously strengthened over the past 75 years.In 1949,the total production of