China Green Energy
Jun 20, 2023
1. Chinese Premier Li Qiang met with German President Frank-Walter Steinmeier at the presidential palace here on Monday. Li expressed his hope that entrepreneurs from both countries could follow the trend and continue to pursue openness, inclusiveness and win-win cooperation, and maintain the stability of industrial and supply chains through high-quality and high-level practical cooperation. Li called for seizing the opportunities and making prompt actions to push for more outcomes in cooperation in such emerging areas as innovation and green and low-carbon development, making the pie of the two countries' converging interests even bigger.
2. Bslbatt, a Chinese storage system manufacturer, has released PowerLine 10, a new floor- or wall-mounted storage system for residential and commercial rooftop PV systems. The PowerLine 10 battery is an upgrade on its 5 kWh predecessor. It measures 700 mm x 980 mm x 100 mm and weighs 95 kg. The lithium-ion system has a storage capacity of 10.24 kWh and a nominal voltage of 51.2 V.
3. Chinese battery giant CATL confirmed a $1.4 billion investment to help develop Bolivia's huge but largely untapped reserves of lithium, cementing on Sunday a partnership with the government made in January. The agreement connects CATL, the world's largest manufacturer of electric vehicle batteries, with Bolivia's salt flats that are home to the world's largest lithium resources. Bolivian President Luis Arce confirmed the commitment to build two lithium plants to extract minerals from the country's Uyuni and Oruro salt flats. Construction of both plants could begin as soon as July, according to the country's energy ministry, with overall investment climbing to around $9.9 billion during the project's industrial process.
4. On June 19, the State Council of China issued a guidline about improving charging infrastructure system. The document proposes to apply new energy vehicles in the electrochemical energy storage system and strengthen the energy interaction between electric vehicles and the grid.
5. The Lancang-Mekong Cooperation-funded water resource protection project, undertaken by the Changjiang River Scientific Research Institute of Changjiang Water Resources Commission under China's Ministry of Water Resources, and constructed by Cambodian Tatay Hydropower Ltd., will bring green development and better livelihoods to local residents.
6. On June 18, the ship from Qatar, carrying more than 200,000 cubic meters of liquefied natural gas, successfully berthed at the No. 3 berth of Caofeidian Xintian LNG Project in Tangshan, Hebei. It is the first LNG ship of the Xintian LNG project, marking that the first phase of the project has started operation.
7. On June 19, China's first intelligent FPSO--Offshore Oil 123, invested and built by CNOOC, was successfully delivered in Nantong, Jiangsu, marking new progress in the construction of offshore intelligent oilfields and promoting the deep integration of China's energy industry and digital technology.
8. China has made huge strides in the LNG carrier sector. The country received more than 30 percent of new orders globally last year, up from 7 percent a year ago — making China a major player in LNG carrier building. Chinese shipyards received a record 55 orders for LNG carriers last year, solid proof that the nation's shipbuilding industry has cashed in on soaring global demand for such vessels, making China an important player in global energy transportation.
9. The Taklimakan Desert, China's largest desert, has become a driving force for green development in NW China's Xinjiang. Photovoltaic stations have been constructed, and large plantations of vegetation have emerged on the outskirts of this vast desert.
10. A unit of Australia's Mineral Resources has terminated its outsourcing contract with Ganfeng Lithium Group, a Chinese metal processing company, early to increase its margins as lithium carbonate prices are falling, according to an insider. Process Minerals International will start directly selling raw spodumene to Ganfeng, which results in higher margins than the earlier model of outsourcing processing so that the Australian company could sell lithium compounds, the Paper reported yesterday, citing a person familiar with the matter.
