The global biofuel industry is entering the fast lane of development
Saturday, 14 September 2024
According to the World Energy Statistics Yearbook 2024 recently released by the UK Energy Research Institute,biofuels continue to play an important role in the global energy market,with biofuel production increasing by over 17%since 2022.Against the backdrop of accelerated global decarbonization,biofuels are increasingly receiving attention and importance worldwide due to their renewability and environmental friendliness. According
A sudden fire in Brazil’s sugarcane region has caused a surge in international sugar prices
Thursday, 05 September 2024
The recent pressure brought by the repeated trading of Brazil’s bi weekly production data in the international raw sugar market has gradually shifted the focus of the raw sugar market to the production situation in the northern hemisphere at the end of the crushing season. In the first half of August,Brazil’s production data was slightly
The New Zealand government will lift the ban on offshore oil and gas exploration
Friday, 30 August 2024
The New Zealand government announced on the 26th that it will pass a law by the end of this year to lift the previous Labour government’s ban on offshore oil and gas exploration,and take emergency measures to remove regulatory barriers to import liquefied natural gas in the face of energy shortages.New Zealand Prime Minister Rakson
Methanol futures prices show a pattern of near weak and far strong
Thursday, 22 August 2024
With the arrival of the peak consumption season of”Golden September and Silver October”,coupled with the impact of autumn maintenance and winter gas restrictions,the supply and demand pattern is expected to improve.At that time,the MA2501 contract may gradually rise,and it is recommended to try buying on dips. The methanol futures price may show a pattern of
The rise of clean energy in China provides experience for Western countries
Friday, 16 August 2024
On the 12th,the British media”Dialogue Earth”published an article stating that China is currently leading the development of fields such as solar energy,batteries,and electric vehicles,and the rise of clean energy in China has provided experience for the West. The article argues that for a long time,China has sought to master localized clean energy technologies and use
The world’s largest clean energy corridor has a peak output of over 70 million kilowatts
Friday, 09 August 2024
The reporter learned from China Three Gorges Corporation that in recent days,many parts of China have experienced high temperatures,and the demand for electricity continues to rise.On July 31st,the world’s largest clean energy corridor,consisting of six cascade hydropower stations including Wudongde,Baihetan,Xiluodu,Xiangjiaba,Three Gorges,and Gezhouba,ensured peak power supply,with peak output exceeding 70 million kilowatts,setting a new historical high.The
The overall electricity consumption in the Northeast region slowed down in the second quarter
Friday, 02 August 2024
The growth rate of total electricity consumption in the Northeast region in the second quarter of 2024 has significantly slowed down compared to the first quarter,significantly lower than the national growth rate in the second quarter.In response to the above situation,the Northeast Energy Regulatory Bureau attaches great importance to it and has organized provincial power
Global iron ore will maintain a slight surplus state
Monday, 29 July 2024
On July 26th,the commodity team of China International Capital Corporation(CICC)announced that it is expected that global iron ore will maintain a slight surplus in the second half of 2024.On the one hand,the growth of global imports and demand is relatively limited;On the other hand,the production and ramp up of newly launched projects in overseas mines
At present, there are two contradictions in the iron ore market
Thursday, 18 July 2024
The European Commission recently approved a€3 billion(approximately USD 3.21 billion)Swedish carbon capture and storage(CCS)support program aimed at driving Sweden towards its net zero carbon emissions target by 2045. According to the plan,this funding will be specifically used to fund projects that can permanently capture and store CO2 emissions from biomass factories.These factories use renewable wood
Promote oil and gas exploration and development in China
Friday, 12 July 2024
Recently,the National Energy Administration organized a meeting in Beijing to promote the work of vigorously enhancing oil and gas exploration and development in 2024.The meeting revealed that a new batch of large-scale oil and gas fields with billions of tons and billions of cubic meters have been discovered through exploration,showing a good trend of high-level