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
The integration index of the biopharmaceutical industry in the Yangtze River Delta continues to grow
Friday, 07 June 2024
At present,the Yangtze River Delta region is strengthening cross regional collaboration between scientific and technological innovation and industrial innovation,achieving strong alliances,and creating a source of scientific and technological innovation.Recently,during a symposium with major leaders in the Yangtze River Delta region,Jin Xia,Executive Vice Chairman and Secretary General of the Yangtze River Delta Data Driven Innovation Biomedical
The US shale oil and gas industry has entered an era of “big mergers and acquisitions”
Thursday, 30 May 2024
On Wednesday,May 29th local time,ConocoPhillips announced on its official website that it has reached a final acquisition agreement with Marathon Oil Corporation. According to the agreement,ConocoPhillips will acquire Marathon Oil through full stock trading.For each share of Marathon Oil’s common stock held by Marathon Oil’s shareholders,they will receive 0.2550 shares of ConocoPhillips Oil’s common stock,which
Difficulties in the Transformation of Offshore Energy in the United States
Thursday, 23 May 2024
“2023 is a difficult year for offshore wind power in the United States.”Troy Patton,Chief Operating Officer of Denmark’s Woesen Energy in North America,said at the recently concluded Houston International Offshore Oil and Gas Technology Conference and Equipment Exhibition that the company will cancel two wind power projects in the waters near New Jersey,with a total
US announces tariff increase on Chinese products such as lithium batteries
Wednesday, 15 May 2024
The United States announced that it will impose tariffs on Chinese goods such as electric vehicles.Several industry insiders have stated that this policy has little actual impact on China’s lithium battery industry chain. The White House announced on the 14th that it will impose tariffs on a series of Chinese goods,including steel and aluminum,semiconductors,electric vehicles,batteries,key