[PetroChina and Sinochem Sign Strategic Cooperation Agreement] On August 17, 2023, PetroChina and Sinochem signed a strategic cooperation agreement in Beijing. Before the signing of the agreement, Dai Houliang, Chairman and Party Secretary of China National Petroleum Corporation, Hou Qijun, General Manager and Deputy Party Secretary, met with Li Fanrong, Chairman and Party Secretary of China National Chemical Corporation, and Jiao Jian, General Manager and Deputy Party Secretary, exchanging views on deepening mutually beneficial cooperation and promoting common development. China National Petroleum Corporation and China National Chemical Corporation have a good foundation for cooperation. We hope that this signing of the contract will serve as an opportunity for both sides to fully leverage their respective strengths, strengthen communication and docking, deepen cooperation in strategic emerging industries, chemical industry, technological innovation, and other fields, and make new contributions to promoting the high-quality development of China's energy and chemical industry. Editor/Ma Xue

Click to see more live >>

• 2024.03.18 18:09
• [Europe: Install solar on the roof of all new residential buildings from 2030]
• The European Parliament has formally adopted the revised Energy Performance Directive for Buildings (EPBD), which will become law after formal approval by the Council of Ministers. The directive requires all new residential buildings in the EU to be powered by rooftop solar from 2030, and public buildings and non-residential buildings will need to be phased in according to their scale and technical and economic assessments. The EPBD aims to reduce energy consumption and greenhouse gas emissions in the building sector in line with the EU's goal of achieving climate neutrality by 2050. Currently, the building sector accounts for 40% of the EU's total energy consumption and 36% of greenhouse gas emissions. The aim of improving energy efficiency in buildings is to enhance energy independence and sustainability in this sector by reducing the use of imported oil and gas fuels. Under the forthcoming rules, all new buildings occupied or owned by public bodies will need to be zero-emission by 2028, and all new buildings from 2030 onwards. Member States need to clearly plan the measures taken to decarbonize heating systems in order to phase out fossil fuels in heating and cooling by 2040. From 2025, stand-alone fossil fuel boilers will no longer receive subsidies, but hybrid heating systems that use renewable energy will be eligible for financial incentives. Editor/Xu Shengpeng

• 2024.03.18 18:09
• [Germany plans to build fusion power plants]
• Germany's Federal Research Minister Bettina Stark-Watzinger has announced a new fusion research funding program aimed at paving the way for the construction of the first fusion power plant in Germany by 2040. The Federal Ministry of Education and Research (BMBF) has long supported fusion research at the Max Planck Institute for Plasma Physics (IPP) in Garching and Greifswald, the Karlsruhe Institute of Technology (KIT) and the Jurich Research Centre (FZJ). "This institutional funding is complemented by the second pillar of the new Project Funding Scheme," the ministry said. "The project funding aims to advance the technologies, components and materials required for fusion power plants in the first phase by the early 2030s. The second phase focuses on integration into the power plant design. The funding program is open to technology and addresses so-called magnetic confinement and laser fusion technology." In order to achieve the construction of fusion power stations as soon as possible, the program is essentially application-oriented collaborative research as a form of public-private partnership. Projects on specific sub-technologies will be carried out jointly by research institutions, universities and industry. This allows new findings from the research to be applied at an early stage and know-how to be transferred to domestic industries for further use, the ministry said. Editor/Xu Shengpeng