fund that will use carbon credits generated beyond 2012 to provide financing for clean energy projects in the Asia-Pacific region. The current regulatory framework, based on the Kyoto Protocol’s first commitment period expiring December 31 2012, is being blamed for hampering the trading in post-2012 carbon credits. This would affect the level of interest in...
the company’s polysilicon manufacturing capacity with the addition of a third plant at its Gunsan plant site, and the expansion of an existing facility. Polysilicon is a vital raw material for producing solar photovoltaic cells. Construction of the new 10,000-metric ton per year plant will start soon. The 880 billion won facility will be completed...
has set off a dramatic shift in vehicle buying patterns in the US, matching the adjustment that occurred in the oil shock of the late 1970s and early 1980s, according to the latest Global Auto Report published by Scotia Economics. CIBC made a similar finding in another report which predicted that Americans will pull out...
photovoltaic (PV) module for use in the country’s residential solar market. Sharp said the peaked-roof/ flat-roof model ND-191AV has achieved the industry’s leading module conversion efficiency of 14.4%. It said the module features an installation capacity that is about 1.5 times greater than previous modules due to the strengthened wind pressure resistance. The company will...
said it will invest nearly 13 billion krone in the first phase of an integrated manufacturing complex in Singapore to produce wafers, cells and modules for the solar energy industry. (US$1=5.07 krone). The plant is expected to start up in the first quarter 2010, reaching capacity of 740 MW of wafers, 550 MW of cells...
(EnergyAsia, July 9, Wednesday) – State-owned PNOC-Alternative Fuels Corporation (PNOC-AFC) and the Department of Science and Technology (DOST) have jointly acquired a set of equipment to extract oil from the jatropha crop for the production of biofuels. “The PNOC-AFC has bought a set of equipment which includes a small-scale jatropha expeller that can process around...
(EnergyAsia, July 9, Wednesday) — China is set to commission a new oil pipeline circling Beijing to ensure stable fuel supplies for the Olympic Games next month. The 183-km pipeline has an annual capacity of 2.85 million tonnes, enough to meet 70% of Beijing’s oil requirements. It links five oil depots with Sinopec’s Yanshan refinery...
(EnergyAsia, July 9, Wednesday) — Philippine Energy Development Corporation (EDC) said it will not be able to complete an 86-megawatt (MW) wind power project on schedule due to the worldwide shortage of wind turbines. EDC executives said suppliers have told them that it take up to four year to meet the company’s order. EDC is...
(EnergyAsia, July 9, Wednesday) — Singapore-based recycling firm EcoWise Holdings said it plans to set up joint ventures with crop producers and rice millers in Asia to produce fuel from biomass. EcoWise, which specialises in recycling copper slug from Singapore shipyards, is seeking to diversify into the renewable energy business. The company already operates a...
(EnergyAsia, July 9, Wednesday) — Sri Lanka’s Hayleys group said it is building a 10 megawatt (MW) wind power plant Nirmalapura in the country’s Kalpitiya peninsular on the west coast. The site will host seven wind turbines. Hayleys is assessing the type of turbines it will deploy. The company is also planning to add...
(EnergyAsia, July 9, Wednesday) — Thailand’s MFC Asset Management wants to increase its assets under management to 450 billion baht over the next four years to 2012. (US$1 =33 baht). The company’s plans include a new energy fund which would be a private equity fund focused on alternative energy projects. MFC has launched eight funds...
(EnergyAsia, July 9, Wednesday) — The Thai government wants renewables to account for 10% of the country’s energy mix by 2011, up from the previous target of 8%. To reach this new goal, Thailand is working to replace electricity and heating power generation by using alternative energy sources such as by biomass, biogas, solar cells,...
(EnergyAsia, July 9, Wednesday) — Singapore-based renewable energy company Pure Power said it is increasing its research and development activities into lignocellulosics by setting up a “brains trust” to capitalise on its significant expertise in this field. Lignocellulosics is the science governing the conversion of plant biomass to biofuels and other bioproducts. Pure Power gained...
(EnergyAsia, July 9, Wednesday) — The government of Australia’s Queensland state said the Curtis LNG project has been declared “significant”, a move which triggers environmental impact assessment under state and Federal government legislation. The project is an alliance between Australia’s Queensland Gas Company Limited and the BG Group plc of the UK. The companies are...
(EnergyAsia, July 9, Wednesday) — US-based AES Corp has announced a substantial increase in its China-based wind power operations through two new agreements with Guohua Energy Investment Co Ltd, one of the country’s largest wind power developers. AES said it has acquired a 49% stake in the Guohua Hulunbeier wind farm in Inner Mongolia, which...
blocked coal supply to a power plant at Eraring, which they charge is Australia’s most polluting coal-fired power plant. They said the action to combat climate change was timed to coincide with the delivery of the Draft Climate Change Review by the Australian government’s climate change advisor Professor Ross Garnaut. “We have to stop fuelling...
marine services provider in the offshore oil and gas industry, said its Oslo, Norway-listed associate, EOC Limited, is on schedule to take delivery of its first floating, production, storage and offloading (FPSO) vessel. The converted 127,540-deadweight tonne ‘Lewek Arunothai’ will enhance the group’s fleet capability and has enabled EOC to land its largest charter contract...
build two coal-to-liquids (CTL) projects in Shaanxi province and in the northwestern region of Ningxia. Each project will have the capacity to produce 80,000 b/d of oil products such as naphtha liquefied petroleum gas (LPG), jet fuel and diesel. Both plants could come onstream as early as 2016. Sasol is the world’s largest producer of...
been hoarding oil products at the expense of consumers who are bearing the brunt of the country’s widespread fuel shortages. Instead, the company, along with domestic rival PetroChina, said they have been working to expand production, cut exports and increase imports to help alleviate China’s worsening fuel supply crisis. Sinopec and other Chinese refiners have...
to help key sectors cope with sharply higher fuel prices. (US$1=RMB6.86). Taxi and bus operators along with companies in the fishery and forestry sectors will receive around RMB12 billion while grain producers will received the remaining RMB7.8 billion. Last month, the government surprised everyone by sharply raising domestic fuel prices after having earlier rejected the...
its small hydropower sector to meet the country’s growing energy demand, said a leading energy adviser. Prof V.K. Damodaran, an energy consultant with the UN Industrial Development Organisation Mission, said India needs to follow China’s example and its strategy in building up small hydropower plants to supply its energy demand. China is encouraging the development...
and subsidies to encourage homeowners to instal and use solar power systems. The measures are aimed at cutting by half the cost of the installation of a typical household solar power system. A basic system now costs over 2.3 million yen. (US$1=105 yen). The incentives will be a boon for Japanese solar components makers such...
(MW) biomass power plant at Sungai Bidut in the eastern state of Sarawak. The RM36m plant is part of the state’s strategy to boost power generation using biomass as a feedstock. (US$1 = RM3.27). Sarawak has vast resources of wood and oil palm residues it can use as power feedstock....
state gas major Gazprom has reiterated his view that the crude oil price will rise to $250 a barrel next year from $145 now. Alexei Miller raised eyebrows early in June when he first predicted $250 oil, and repeated it last Thursday, placing him well ahead of many analysts who see oil in the...
cleared by SGX AsiaClear nearly tripled to US$3.8 billion in the first half of 2008 from US$1.3 billion in the same period last year. Singapore Exchange Limited (SGX), which owns SGX AsiaClear, said the number of trading counterparty accounts grew 86% to 221 as at end-June 2008, from 119 a year ago. The number of...