(EnergyAsia, March 9 2010, Tuesday) — Engineering giant Foster Wheeler AG said a subsidiary of its Global Power Group has been awarded a contract by Sinopec Jiujiang Company to design and supply two circulating fluidised-bed (CFB) steam generators for the Sinopec Jiujiang fuel alteration project in Jiangxi province in south central China. The generators are...
CHINA: China Gogreen Assets Ltd starts construction of 100MW thin film plant
(EnergyAsia, March 9 2010, Tuesday) — China Gogreen Assets Investment Limited said it has started construction of its 100MW thin film plant in a development zone in Zhengzhou city in China’s Henan province. Cogreen’s joint venture company with unidentified partners, Henan Gogreen Energy Limited, is building the RMB650 million plant to produce a-Si/SiGe thin-film...
SINGAPORE: Navitas starts up NR-X marine fuels trading platform, offers use of non-dollar currency
(EnergyAsia, March 9 2010, Tuesday) — Following a very successful three-month trial by both bunker fuel suppliers and shipping companies, Singapore-based Navitas Resources Pte Ltd last week launched its NR-X trading platform to serve the bunker and marine fuels markets. Navitas Resources Pte Ltd, a Singapore-based specialist energy and climate commodity trade facilitator, had unveiled (more…)
CHINA: China Solar Power, Suzhou Industrial Park sign agreement for third thin film amorphous silico
(EnergyAsia, March 8 2010, Monday) — China Solar Power (CSP), a manufacturer of thin film amorphous silicon (aSi) photovoltaic solar modules, said it has signed an investment agreement with Suzhou Industrial Park to build its third solar cell manufacturing facility in China. The company said it plans to invest up to $180 million to build...
JAPAN: Kyocera to manufacture solar modules in the US
(EnergyAsia, March 8 2010, Monday) — Kyocera Solar Inc, the US subsidiary of the Japanese firm, said it is planning to manufacture solar modules in San Diego in California state to serve the US market’s growing demand for clean energy. The US module manufacturing will support a new milestone for Kyocera’s solar energy business —...
MARKETS: US jobs data keeps crude oil well above $80 a barrel
(EnergyAsia, March 8 2010, Monday) — by Darrell Delamaide for OilPrice.com. Jobs data indicating that US economic recovery might be picking up steam finally pushed crude oil futures decisively over the stubborn $80 a barrel threshold. Nymex’s benchmark West Texas Intermediate settled Friday, March 5, at $81.50 a barrel, a seven-week high, after topping $82...
IRAQ: Elections to fuel ethnic tensions, further delay access to Kirkuk’s reserves
(EnergyAsia, March 8 2010, Monday) — by Gareth Jenkins for OilPrice.com. The elections in Iraq on March 7, 2010, are likely to serve as an important indicator of the prospects for a resolution of the long-running dispute over the administration of the ethnically mixed and resource-rich province of Kirkuk in the north of the country....
SOUTH KOREA: Engineering and shipbuilding companies win orders for overseas wind power projects
(EnergyAsia, March 8 2010, Monday) — South Korean shipbuilding and engineering companies are winning overseas wind power projects in their efforts to diversify their businesses. Hyundai Heavy Industries Co, South Korea’s leading shipbuilder, said it recently secured a contract to provide 30 wind power generators to Pakistan with each generator worth an estimated 60 billion...
SINGAPORE: Renewable energy seen to meet only 2% of peak demand by 2014
(EnergyAsia, March 8 2010, Monday) — Renewable power projects are expected to meet only 2% of Singapore’s peak electricity demand by 2014, according to industry practitioners. The high-level Economic Strategies Committee (ESC) recently recommended that 5% of peak electricity to be generated by renewable energy sources by 2020. The target is seen as a challenging...
AUSTRALIA: AGL to supply renewable energy to Melbourne Water Corporation for 15 years
(EnergyAsia, March 8 2010, Monday) — Australia’s AGL Energy Limited (AGL) said it has been awarded a 15-year contract to provide renewable energy to the Melbourne Water Corporation (MWC) from July 1 2010. AGL will supply up to 180 GWh of electricity and associated renewable energy certificates (RECs) a year to MWC which provides wholesale...
SINGAPORE: A*Star and EADS to develop environmentally-friend biofuel
(EnergyAsia, March 5 2010, Friday) — Singapore’s Agency for Science, Technology and Research (A*Star) will work with the European Aeronautic Defence and Space Company (EADS) to develop environmentally friendly biofuels. Through its Institute of Chemical and Engineering Sciences (ICES), A*Star will explore with EADS the possibility of developing algae into a fuel source for aircraft....
SINGAPORE: Shell starts commissioning work on ethylene cracker at petrochemicals complex
(EnergyAsia, March 5 2010, Friday) — Shell has announced that major construction activities at its 800,000-tonne-per-year ethylene cracker complex in Singapore have been completed and that commissioning work is underway to start up the plant. The new cracker is an integral component of the Shell Eastern Petrochemicals Complex (SEPC) and will be the second new...
CHINA: China Everbright, CNOOC launched bionergy projects
(EnergyAsia, March 5 2010, Friday) — State-owned groups China Everbright Group and China National Offshore Oil Corporation (CNOOC) are increasing their biofuel investment in different parts of the country. China Everbright Group said it will begin construction of bioenergy plants in Dangshan County in eastern Anhui province through its Hong Kong-listed subsidiary China Everbright International...
MARKETS: World biodiesel trade to reach $71 Billion by 2020, said Pike Research
(EnergyAsia, March 5 2010, Friday) — US cleantech consulting firm Pike Research has predicted that the coming wave of innovation will boost the value of the world biodiesel market from $18.4 billion in 2010 to $71 billion a decade later. The Boulder, Colorado company said the market will benefit from innovations in feedstocks such as...
ASIA: Canada looks to China, Korea and India for oil sands investments as US turns cold
(EnergyAsia, March 5 2010, Friday) — The Canadian government is looking to cash-rich Asian firms for energy investments as the US government and firms begin to shun the ‘dirty’ oil produced from the oilsands mines of Alberta province. Late last year, China and South Korea each won approval for their acquisitions of stakes in two...
JAPAN: Mitsubishi Electric develops PV inverter technology to maximise solar power output
(EnergyAsia, March 5 2010, Friday) — Japan’s Mitsubishi Electric Corporation said it has developed the world’s first technology to maximise output power in photovoltaic (PV) systems by incorporating a new maximum power-point tracking (MPPT) system in PV inverters. The technology, which works with a single PV inverter, achieves the maximum power point even when part...
AUSTRALIA: Arrow Energy to acquire Fisherman’s Landing LNG project
(EnergyAsia, March 5 2010, Friday) — Australia’s Arrow Energy Limited (ASX:AOE, Arrow) said it has agreed with Liquefied Natural Gas Limited (ASX:LNG, LNG Ltd) to acquire the entire Fisherman’s Landing liquefied natural gas (LNG) plant and associated infrastructure through the acquisition of LNG Ltd subsidiary Gladstone LNG Pty Ltd (GLNG). This agreement superseded the previously...
SINGAPORE: Keppel to list “green” infrastructure focused business trust
(EnergyAsia, March 4 2010, Thursday) — Singapore’s Keppel Corporation Limited said that its wholly-owned subsidiary, Keppel Integrated Engineering Limited (KIE), is sponsoring the listing of units of a business trust known as K-Green Trust (KGT) on the Singapore Exchange Securities Trading Limited (SGX). Keppel is proposing a dividend in specie of approximately 50.5% of the...
SINGAPORE: Rotary Engineering posts record net profit of S$54.2 million on turnover of S$551.9 milli
(EnergyAsia, March 4 2010, Thursday) — Singapore-listed Rotary Engineering Limited has reported its highest-ever net profit of S$54.2 million on record revenues of S$551.9 million for the financial year ending December 31 2009. (US$1=S$1.4). Its net profit grew 7% from S$50.9 million the previous year, while its revenues rose 6% from $520.1 million previously. The...
CHINA: China Hydroelectric Corp to acquire three hydroelectric power projects in Yunnan for $57 mill
(EnergyAsia, March 4 2010, Thursday) — China Hydroelectric Corporation (CHC), a consolidator, developer and operator of small hydroelectric power projects in China, said it has signed a definitive agreement to acquire a 44 megawatt (MW) operating hydroelectric project in Yunnan province. The company added that it has also entered into memoranda of understandings (MOUs) to...
CLIMATE CHANGE: World Bank announced programmes for forest management and renewable energy
(EnergyAsia, March 4 2010, Thursday) — The government of Japan has pledged a total of $100 million to fund two new climate programmes to support forest management and renewable energy investments in developing countries, said the World Bank. Tokyo pledged $40 million just before the meeting of the Scaling Up Renewable Energy in Low Income...
OMAN: Singapore’s Sembcorp starts construction of US$1 billion Salalah water and power plant project
(EnergyAsia, March 4 2010, Thursday) — Singapore’s Sembcorp last month celebrated the groundbreaking ceremony for its US$1 billion Salalah Independent Water and Power Plant (Salalah IWPP) in Oman. Due to begin full commercial operations in the first half of 2012, the Salalah IWPP will consist of a gas-fired power plant which will have a net...
JAPAN: Toshiba and Mitsui to supply hydro power generators to Colombia
(EnergyAsia, March 4 2010, Thursday) —Toshiba International Corporation (TIC), a unit of the Japanese electronics giant, said it and Mitsui & Co Plant Systems Ltd will jointly supply three 324MVA hydro power generators to Isagen SA ESP, a leading Colombian power generation company. The generators will be installed at the Sogamoso hydro power plant in...
JAPAN: Mitsubishi Electric achieves 14.8% conversion efficiency in thin-film silicon solar cell
(EnergyAsia, March 4 2010, Thursday) — Japan’s Mitsubishi Electric Corporation said it has achieved a very high photoelectric conversion efficiency of 14.8% in a 5mm x 5mm thin-film silicon photovoltaic (PV) cell. The thin-film silicon PV cell developed by Mitsubishi Electric has a triple junction structure that utilises a majority of the solar spectrum for...
CHINA: Singapore’s Keppel Corp wins third waste-to-energy contract
(EnergyAsia, March 3 2010, Wednesday) — Singapore’s Keppel Corp said it has secured its third waste-to-energy contract in China this year, bringing its 2010 order book for WTE technology sales in China to S$86.7 million. (US$1=S$1.4). In the latest award, Keppel Seghers Belgium NV, an indirectly wholly-owned subsidiary of Keppel Integrated Engineering Limited (KIE), won...