Page 4 - Bob Simison News Today

China’s Carbon Market Records Its First Cross-Border Deal - Hong Kong buyers’ purchase of credits from Chinese solar project provides a sign of life even as trading of emission quotas dwindles away in market’s first month

SMIC Plunges in Shanghai as Regulator Removes It From Stock Connect Index - Leading Chinese semiconductor maker is registered in the Cayman Islands, making it ineligible for the domestic registration-only trading program

Energy Insider: Yangtze Power to Take Over Two Giant Hydropower Units; Nonferrous Metal Production Rises

Energy Insider: China to Plug in National Carbon Trading; Port Giants in Closer Equity Tie-Up In today’s Caixin energy news wrap: Two of China’s largest port operators step up cooperation; Sinopec builds its first onshore wind power project; commodity price rises drive up China’s import costs; and the country’s long-awaited national carbon market debuts soon. China pays more for imported commodities on surging prices China paid 2,888.5 yuan ($446.50) on average for each ton of imported ...

Energy Insider: China Prepares Policies for Energy Storage; Electric Vehicle Industry Faces Widening Battery Shortfall In today’s Caixin energy news wrap: Global electric-car makers face widening shortage of batteries, report says, while China is pushing construction of battery swapping centers. China’s carbon market is expected to hit $25.9 billion this year, and more Chinese solar companies are returning to the domestic capital market. China speeds up policymaking for energy storage Chin...

Energy Insider: Baowu Steel Prepares for Mixed-Ownership Projects; First Hydrogen Heavy-Truck Fleet in Operation In today’s Caixin energy news wrap: More than 59 billion kilowatt-hours of electricity were delivered from China’s remote Xinjiang region to 20 provinces; Guangzhou Development signs long-term LNG purchase agreement with BP Singapore; and the world’s largest steelmaker is mulling inviting more private investors. Baowu Steel plans 41 mixed-ownership projects China Baowu Steel G...

Energy Insider: Shanghai Electric Probed for Disclosure Violations; Sinopec Builds China’s Largest Carbon-Capture Project In today’s Caixin energy news wrap: Coal-rich Shanxi province plans to expand government coal reserves by 3 million tons this year; provinces move to curb steel production; China’s largest carbon capture project starts construction in Shandong; and a leading energy equipment maker is under investigation. Sinopec builds China’s largest carbon-capture project State en...

Jul 02, 2021 08:16 AMENERGY INSIDER Energy Insider: Longyuan Power Inks Carbon Trading Deal in South Africa; Tongwei Plans $2.2 Billion High-Purity Silicon Project In today’s Caixin energy news wrap: Chinese offshore drilling rig giant gets $129 million SOE cash injection; Tongwei plans to invest $2.2 billion in high-purity silicon project; a power complex will be built in Huizhou; and China develops new power generation using hot dry rock. Longyuan Power inks $1.1 million overseas carbon tra...

Biggest China Bank Abandons $3 Billion Zimbabwe Coal Plant A crane unloads the first shipment of anthracite coal from U.S. supplier XCoal Energy & Resources LLC (Bloomberg) — China’s biggest bank dumped a plan to finance a $3 billion coal-fired power plant in Zimbabwe, dealing a blow to coal developers in Africa that see China as the last potential funder of their projects. Industrial and Commercial Bank of China Ltd. (ICBC) told Go Clean ICBC, an ad hoc body representing 32 environmental g...

Cryptocurrency Miners Flee China Amid Spreading Crackdown - Bosses of big crypto exchanges report rush to pack up gear and get out of China as computer-driven activity backing e-currencies plunges