In recent years, US crude oil exports have steadily increased
Friday, 30 August 2024
According to foreign media reports,after steadily increasing in the past few years,the growth rate of US crude oil exports is expected to slow down this year.The current average crude oil export volume of the United States is 4.2 million barrels per day,a year-on-year increase of 3.5%,which is the smallest growth rate since 2015.Growth of 13.5%in
India is expected to receive 1000MW of electricity from Nepal
Thursday, 22 August 2024
Indian Foreign Minister S Jaishankar stated that India will receive 1000MW of electricity from Nepal. He said on social media, “I am pleased to note that Nepal will export nearly 1000MW of electricity to India, which is a new milestone. Our neighborhood first policy and unique folk cultural connections have propelled our relationship forward This
China has built the world’s largest and most complete new energy industry chain
Friday, 16 August 2024
The 15th is National Ecology Day 2024,with the theme of”Accelerating Comprehensive Green Transformation of Economic and Social Development”.The main event will be held in Sanming,Fujian.A series of important achievements in comprehensive green transformation were released on site. The relevant person in charge of the National Development and Reform Commission stated at the home event that
Over 667 net metering consumers in Malaysia receive solar rebate
Friday, 09 August 2024
The Malaysian Ministry of Energy and Water Transition(Petra)stated that over 667 net metering consumers have installed solar systems and received rebates from the country’s People’s Solar Energy Incentive Scheme(SolaRIS)implemented since April. Petra stated that the majority of beneficiaries so far have received up to RM4000(USD 875.61)under the program. After Malaysian politician Mohd Hasbie Muda inquired
Differences in inventory changes in the upstream and midstream of methanol
Monday, 29 July 2024
Recently,there has been a slight difference in the fluctuation of methanol inventory in the upstream,midstream,and downstream of China,with port social inventory showing an increasing trend;Mainland manufacturers have been destocking for two consecutive weeks,but although the total inventory has decreased,the main production areas are expected to slightly increase;Moreover,traditional downstream demand is slightly weak,and the overall inventory
EU pushes Sweden to achieve net zero carbon emissions target
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
The Australian rooftop photovoltaic market is experiencing a significant decline
Friday, 12 July 2024
According to statistics released by SunWiz,an Australian photovoltaic and energy storage market analysis firm,the sales of rooftop photovoltaics in Australia decreased by 14%in June compared to May. Australia added 248MW of rooftop photovoltaic system installed capacity in June,far lower than the 288MW in May,which was the fourth highest month on record for the country’s Small
Reduction in fossil fuel power generation in the German electricity sector
Friday, 05 July 2024
According to foreign media reports,by the first half of 2024,the fossil fuel power generation in the German power sector has significantly decreased compared to the same period in 2023,with a specific decrease of 19%.This change is closely related to Germany’s active energy transformation strategy in recent years.Although renewable energy generation has increased since the first
The world’s largest new energy storage base will land in Shandong
Friday, 28 June 2024
On June 26th,China Energy Construction Corporation released the world’s first 660MW compressed air energy storage system solution,and introduced the planning and layout of building a 3060MW new energy storage base in Shandong Province,as well as empowering the new vision of”West East Power Transmission”.Heze City,Shandong Guohui,China Petroleum Bohai Drilling Company,Shaangu Group,Shanghai Electric Power Station Group and
Austria added 497MW of photovoltaic installed capacity in the first quarter
Friday, 14 June 2024
According to a research report by the Austrian Federal Photovoltaic Association(PV Austria)citing E-Control based on data from major distribution network operators,Austria installed a 497MW photovoltaic system in the first quarter of 2024.This progress indicates that Austria is steadily advancing its updated grid infrastructure plan and is committed to achieving the goal of adding 2GW of