increase in profit after tax and minority interest (PATMI) for the third quarter of 2008. This was on the back of a 12% increase in turnover to S$2.5 billion for the same period while profit before tax grew 35% to S$250 million. (US$1=S$1.5). For the first nine months of 2008, revenue grew 19% while profit...
(EnergyAsia, November 14, Friday) — ‘Synthetic Fuels Handbook’ provides a comprehensive guide to the benefits and trade-offs of numerous alternative fuels, presenting expert analyses of the different properties, processes and performance characteristics of each fuel. It discusses the concept systems and technology involved in the production of fuels on both industrial and individual scales. Written (more…)
(EnergyAsia, November 14, Friday) — Argus, the international energy price reporting agency, has launched daily price assessments for Vityaz and Sokol crude oil from Russia’s Sakhalin Island. These price assessments are available in the Argus Crude report which provides daily information on the global crude markets. Argus said it is the first price reporting service (more…)
(EnergyAsia, November 14, Friday) — Asia is fast becoming the driving force behind the rise of the world’s carbon market. To date, 65% or 774 out of a total of 1,186 clean development mechanism (CDM) projects registered with the UN Framework Convention on Climate Change (UNFCCC) originated from the Asia Pacific region. This represents over (more…)
(EnergyAsia, November 14, Friday) — A scientist with Australia’s CSIRO has revived and defended the findings of a controversial 1972 book, “The Limits to Growth”, that forecasts global ecological and economic collapse. New research by CSIRO physicist Dr Graham Turner compares and supports forecasts from the book with global data from the past 30 years....
(EnergyAsia, November 14, Friday) — Singapore-listed Asia Power Corporation Limited, which is principally involved in the ownership, management and operation of renewable energy power plants in China, said its third quarter net loss edged up to S$700,000 from S$600,000 a year ago due to weaker demand for heat and steam. (US$1=S$1.5) For the nine months...
(EnergyAsia, November 14, Friday) — Saudi Aramco and ConocoPhillips said they will halt the bidding process associated with the construction of their planned 400,000 b/d export-oriented oil refinery at the Yanbu Industrial City in Saudi Arabia. Citing uncertainties in the financial and contracting markets, the companies said they have postponed contract bids to be submitted...
(EnergyAsia, November 14, Friday) — Shell Gas & Power International BV (Shell) said it has signed a coal gasification and gas treating licence contract with Korea Western Power Co. Ltd (KOWEPO), a state-owned power utility company in South Korea. The contract is for the sale of licences covering Shell’s coal gasification process (SCGP) technology and...
(EnergyAsia, November 14, Friday) — China’s Yingli Green Energy Holding Company Limited, a world leading vertically integrated photovoltaic (PV) product manufacturer, said it has signed a new long-term agreement to buy polysilicon from Germany’s Wacker Chemie AG. Wacker Chemie will supply Yingli Green Energy with polysilicon from 2010 through the end of 2017. The total...
(EnergyAsia, November 14, Friday) — China Clean Energy Inc said it has resumed biodiesel production at its Fujian province plant in light of a recent drop in raw material prices. The decline is enabling the company to enjoy make “sufficient margins” on biodiesel production. China Clean Energy sai dbiodiesel is now selling for around RMB5,500...
(EnergyAsia, November 14, Friday) — The Asian Development Bank (ADB) said it is providing a new $3 million grant to expand its clean energy programme to involve more developing member countries. ADB will explore energy efficiency market opportunities in Afghanistan, Bangladesh, Cambodia, Laos, Mongolia and Uzbekistan through a broad range of policy and financial support....
manufacturer of high-efficiency monocrystalline solar cells, said it has signed a long-term silicon wafer supply agreement with Sino-American Silicon Products Inc (SAS), a leading supplier of high purity ingots and wafers to the solar energy and semiconductor industries. Sunrise has agreed to buy approximately $150 million dollars of silicon wafers from SAS starting in January...
(EnergyAsia, November 13, Thursday) — More than 300 companies representing some of the world’s leading names in the composites industry displayed their technologies and innovations at Asia Pacific’s first international composites show at the Suntec Exhibition Centre in Singapore from October 22 to October 24. More than 8,000 visitors attended the exhibition while the conference (more…)
contribute a total of $14.7 million to multi-donor trust funds operating under the Asian Development Bank’s (ADB) water and clean energy financing partnership facilities. They join Norway, Australia and Austria as financial contributors to the funds under the facilities. Spain will donate a total of $10 million to both funds while Sweden will contribute $4.7...
and Southeast Asia are expected to double from $1.26 billion in 2007 to $2.51 billion in 2014, said consultant Frost & Sullivan. In a recent study, Frost & Sullivan noted that cities are major power consumers but have made little effort to reduce their greenhouse gas emissions. Instead, the fight to curb greenhouse gas emissions...
condensate discovery in Block B around 50km off the coast of Brunei in a water depth of 62 metres. Total operates the block with a 37.5% interest, in association with Shell Deepwater Borneo Ltd. (35%) and local partners (27.5%). Drilled to a final depth of 5,227 metres, the ML-4 well discovered a new gas-bearing compartment...
term agreement to purchase polysilicon from Germany’s Wacker Chemie AG. Wacker Chemie will supply the polysilicon from 2010 through to the end of 2017. The total amount of polysilicon supplied is expected to allow Yingli Green Energy to produce approximately 380 MW of PV modules over the life of the agreement. “Including this newly signed...
from leaving for Europe from the Indonesian port of Dumai early this week to protest against the ongoing destruction of the country’s rainforests. Dumai is Indonesia’s main palm oil export port. Activists had painted “Forest Crime” and “Climate Crime” on the hull of three palm oil tankers and a barge full of rainforest timber. One...
joined forces to fight what they call “confusion” over greenhouse gas emissions from oil palm cultivation in tropical peat lands. The Dutch Ministry for Housing, Regional Development and Environment and Malaysian Ministry for Plantation Industries and Commodities have set up a joint committee on carbon emissions to shed light on this subject. The cultivation of...
provider of engineering, procurement, construction and maintenance services for the oil, gas and petrochemical industries, has announced a net profit of S$31.6 million for the nine months ended September 30 2008. This is a decline of 22% from the S$40.5 million it registered for the same period last year. (US$1=S$1.5). Revenue fell 10% to S$370...
awarded a contract by Yuen Foong Yu Paper Manufacturing Co Ltd (YFY) for the design and supply of a circulating fluidised-bed (CFB) steam generator at its Chiutang Mill in Kaoshiung, Taiwan. The 50 MWe (gross megawatt electric) CFB steam generator is designed to burn bituminous coal as well as tires and sludge. YFY has been...
(EnergyAsia, November 12, Wednesday) — Australia’s Mission NewEnergy Limited said its first pilot plant using patent-pending technologies has successfully produced ethanol from agricultural waste material. The pilot plant was set up in a joint venture with a scientific team in India. The breakthrough development means that Mission will be able to produce bio-ethanol from a (more…)
(EnergyAsia, November 12, Wednesday) — Taiwan based solar wafer company, Green Energy Technology, said it has received a first stage investment of $5.05 million for its mainland China solar wafer slicing business. The investment will take 1.69% of total assets and 3.66% of shareholders’ equity in Green Energy’s latest 2008 half-year financial report. The company...
(EnergyAsia, November 12, Wednesday) — Impsa and a subsidiary of Vietnamese state oil and gas company PetroVietnam have signed an agreement to jointly develop and supply equipment for the hydro and wind power sectors. Impsa will take a 71% stake and PetroVietnam Power Corp the remaining 29% in manufacturing and marketing hydro power equipment, and...
(EnergyAsia, November 12, Wednesday) — Aker Solutions, the Norwegian oil and gas engineering services company, said it has been awarded a five-year supply agreement by Malaysia’s Sarawak Shell Berhad (SSB) to supply subsea production systems equipment and services. SSB, a subsidiary of Royal Dutch Shell, has several existing platforms off the coast of Sarawak state...