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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 Group Co. Ltd., the world’s largest steelmaker, plans to launch 41 projects under the so-called mix...

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 energy giant Sinopec started building a carbon capture, utilization and storage (CCUS) project in East...

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 trading deal The South Africa branch of China Longyuan Power Group Co. Ltd., a subsidiary of state-own...

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 groups, that it won’t fund the 2,800-megawatt Sengwa coal project in northern Zimbabwe, according t...

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