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  • August 30, 2014
  • Last updated: 12:34am
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  1. Business - China Business - ENERGY

    Datang International’s chemical production losses widen to 1.37b yuan

    Posted Aug 28th 2014, 10:22am by Eric Ng

    ... was offset by lower profits from coal mining and chemicals production. The first-half profit amounted to 44.8 per cent of the average full-year estimate of 4.53 billion yuan by analysts polled ... of operating loss of its chemical production business to 1.37 billion yuan, from a loss of 519 million yuan in the first half last year. Output of the key product polypropylene from its Duolun ...

  2. Business - Companies - ENERGY

    GCL shares shine as solar panel demand drives profit turnaround

    Posted Aug 29th 2014, 01:08pm by Eric Ng

    ... polysilicon production cost to US$17.30 per kg, while that of wafer was slashed by 16 per cent to 8.15 US cents per watt. GCL is optimistic on the outlook for the second half of the year. “We ...

  3. Business - Commodities - ENERGY

    State firms seek tech help to tap China shale gas

    Posted Aug 25th 2014, 03:33am by Eric Ng, BIEN PEREZ

    ... oil and gas production by deploying advanced technology, and is projected by the International Energy Agency to surpass Saudi Arabia and Russia as the world's biggest oil producer by next ... Weatherford International and China Petrochemical agreed to form a joint venture to provide technology-intensive products and services to tap China's shale gas resources, estimated by the US ...

  4. Business - Commodities - ENERGY

    Coal prices set to stay low on mainland China for next 12 months

    Posted Aug 18th 2014, 04:01am by Eric Ng

    ... of around US$70 a tonne is not much higher than the US$60 a tonne break-even production cost of the mainland's largest and most efficient coal miner Shenhua Group. Prices at the mainland's ... coal's replacement by shale. "A significant decline in coal production and consumption globally is becoming a much more realistic concept," S&P said. "However, the pace ...

  5. Business - Commodities - ENERGY

    Mainland China oil majors expected to unveil mediocre profits

    Posted Aug 11th 2014, 03:56am by Eric Ng

    ... for the profitability of downstream chemicals production. "While petrochemical margins remain under pressure, we see green shoots of recovery as capacity cuts take effect and economic conditions improve ... Yong Liang expected a 15 per cent rise in per barrel total production costs to have more than wiped out benefits from higher output and firm oil and gas prices. Hubbard also expected CNOOC ...

  6. Business - Companies - ENERGY

    Biofuel maker pushes product use in market

    Posted Oct 28th 2013, 04:33am by Eric Ng

    ... pushes product use in market ASB Biodiesel, the developer of Hong Kong's largest biodiesel plant, has renewed its call for the mandatory blending of biodiesel into diesel products sold ... Dixon said. "The start of production at our plant will raise awareness of what is possible in Hong Kong." Without policy support, ASB, one of three biodiesel producers in Hong Kong, ...

  7. Business - China Business - ENERGY

    Ruentex pact paves way for Sinopec retail spin-off

    Posted Aug 04th 2014, 03:40am by Eric Ng

    ... billion yuan, which would help Sinopec cut debt and fund potential purchases of its parent's overseas oil and gas production assets as its domestic oil fields age. It said in June ...

  8. Business - China Business - ENERGY

    Clean water access offers flood of business opportunities

    Posted Jul 28th 2014, 04:26am by Benjamin Robertson

    ... domestic product comes from "water-stressed provinces" and that 90 per cent of water used for agriculture is wasted. Around 60 per cent of groundwater is either bad or very bad quality, ...

  9. Business - China Business - ENERGY

    Sino-Dutch consortium spends up on feasibility study for tidal energy

    Posted Jul 21st 2014, 03:18am by Eric Ng

    ... impact assessed. It has the potential to help China lessen its dependence on foreign suppliers and increase production of clean energy to help cut air pollution. But even if it passes economic ... on a per MW basis, and its production cost may be similar to the subsidised power selling prices of 12 to 13.7 US cents per kWh enjoyed by offshore power plants. Analysts said this means the tidal ...

  10. Business - Commodities - ENERGY

    Brazil and Japan to team up on offshore oil project

    Posted Jul 21st 2014, 03:18am by AFP

    ... in the project to develop the field off Brazil. Petrobras, Brazil's government-affiliated oil company, aims to start production by 2020 at the field, which is estimated to hold more than 50 billion ...




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