China on Thursday increased retail gasoline and diesel prices for the second time this year, as the ongoing conflict in Libya curtailed supplies and post-quake reconstruction in Japan may push up demand.
Asia Green Energy Public Co Ltd (AGE), a leader in the business of importing and distributing coal in Thailand, has announced an ambitious goal: providing China with 1 million tons of steam coals this year, with the idea of increasing revenues to $70 million.
PetroChina Co, the nation's largest oil company, will increase oil processing and shorten maintenance of its plants to ease a fuel shortage in some regions, the Bloomberg News reported.
PetroChina Co, the country's biggest energy producer, is planning to build underground natural-gas storage tanks in Hutubi county in western Xinjiang Uygur autonomous region to guard against supply disruptions.
China will encourage foreign investment in oil and gas exploration and development and ethylene projects with capacity of no less than 1.0 million tons per year (tpy), Reuters reported on Wednesday, citing the National Development and Reform Commission (NDRC) said.
Sinovel Wind (Group) Co Ltd, China's largest wind turbine maker, has replaced General Electric Co (GE) as the world's second largest such company behind Danish manufacturer Vestas, according to the company's annual report released Wednesday in Beijing.
China has suspended new approvals for the use of marine space in nuclear projects. That's after the State Council ordered a halt to the construction of new nuclear power stations, according to a statement on the website of the State Oceanic Administration (SOA).
Radiation found in domestic vegetables
China will raise the domestic price of gasoline and diesel as of Thursday. The move comes as international oil prices have been forced higher by recent unrest in the Middle East and rising demand as the global economy recovers from the financial crisis.
Suntech Power Holdings Co Ltd, China's largest solar panel maker, and Peak International Trade (Tianjin) Co Ltd, have won a $81 million contract to provide portable solar power systems to United Nations (UN) peacekeeping missions. The deal is the largest single UN contract to have been won by Chinese companies.
China and India, Asia's two fastest-growing economies, are seeking to invest in coal assets in South Africa.
As a new carbon tax sets China's aviation industry fidgeting over projected losses, Fu Pengcheng, a Chinese biofuel expert, is feeling the pressure.
China Shenhua Energy Co Ltd, the country's largest coal producer, has planned a huge investment to build a coal processing project on China-Mongolia border to better use coal imports from the Republic of Mongolia.
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