Sinopec

Global Electric Vehicle Battery Swapping Markets Report 2023-2028: Cost-Effectiveness of Battery Swapping & Increasing Environmental Concerns Bodes well for the Sector

Retrieved on: 
Wednesday, May 24, 2023
Maintenance, Travel, EV, IEA, Climate, Geely, International Energy Agency, Greenhouse effect, Research, NIO, USD, Government, EVS, Drought, Three-wheeler, Disaster, Climate change, Flood, Car, CO2, Sinopec, Growth, Greenhouse, Subscription business model, Electric battery, Renewable energy, Rail transport, Fireworks, Pat Aulton

By this, the global electric vehicle battery swapping market share is anticipated to grow in the forecasted year.

Key Points: 
  • By this, the global electric vehicle battery swapping market share is anticipated to grow in the forecasted year.
  • By all these, the global electric vehicle battery swapping market growth will be seen in the coming years.
  • All these factors are acting in a positive way in increasing sales of swapping batteries in the global electric vehicle battery swapping market across various countries.
  • To this factor, the global electric vehicle battery swapping market is anticipated to witness growth in the next five years.

Sinopec Signs Key Terms Agreement with Kazakhstan for Polyethylene Project

Retrieved on: 
Monday, May 22, 2023
KazMunayGas, Sinopec, Atyrau Region, HKG, Republic, Partnership, China Petrochemical Corporation, Acquisition, Marketing, Engineering, Natural gas, Oil, Petroleum

BEIJING, May 22, 2023 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has signed a key terms agreement with KazMunayGaz, the national operator of the oil and gas industry of Kazakhstan, for developing a polyethylene project in the Atyrau Region on May 18 in Xi'an, China.

Key Points: 
  • BEIJING, May 22, 2023 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has signed a key terms agreement with KazMunayGaz, the national operator of the oil and gas industry of Kazakhstan, for developing a polyethylene project in the Atyrau Region on May 18 in Xi'an, China.
  • The agreement, signed during Kazakh President Kassym-Jomart Tokayev's visit to China, marks that Sinopec will participate in and push forward the project as a cooperative partner.
  • The polyethylene project will be the largest natural gas and chemical project in the region, the investment decision of which is expected to be finalized in 2024, and when Sinopec formally joins the project in the future, all parties will sign an equity acquisition agreement and other legally binding documents of relevance.
  • Headquartered in Astana, KazMunayGaz represents the interests of the Republic of Kazakhstan in the oil and gas industry.

Sinopec Signs Key Terms Agreement with Kazakhstan for Polyethylene Project

Retrieved on: 
Monday, May 22, 2023
KazMunayGas, Sinopec, Atyrau Region, HKG, Republic, Partnership, China Petrochemical Corporation, Acquisition, Multimedia, Marketing, Engineering, Natural gas, Oil, Petroleum

BEIJING, May 22, 2023 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has signed a key terms agreement with KazMunayGaz, the national operator of the oil and gas industry of Kazakhstan, for developing a polyethylene project in the Atyrau Region on May 18 in Xi'an, China.

Key Points: 
  • BEIJING, May 22, 2023 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has signed a key terms agreement with KazMunayGaz, the national operator of the oil and gas industry of Kazakhstan, for developing a polyethylene project in the Atyrau Region on May 18 in Xi'an, China.
  • The agreement, signed during Kazakh President Kassym-Jomart Tokayev's visit to China, marks that Sinopec will participate in and push forward the project as a cooperative partner.
  • The polyethylene project will be the largest natural gas and chemical project in the region, the investment decision of which is expected to be finalized in 2024, and when Sinopec formally joins the project in the future, all parties will sign an equity acquisition agreement and other legally binding documents of relevance.
  • Headquartered in Astana, KazMunayGaz represents the interests of the Republic of Kazakhstan in the oil and gas industry.

Hollysys Automation Technologies Reports Unaudited Financial Results for the Third Quarter and the First Nine Months Ended March 31, 2023

Retrieved on: 
Tuesday, May 16, 2023
Distributed control system, Safety, Methanol, Rail transport by country, DSO, Transport, Automation, Carbon, Mechanical, Melvin Mooney Distinguished Technology Award, Securities Industry Automation Corporation, Safety instrumented system, Sinopec, APC, First Prize, Shipbuilding, Bank, Iron ore, Music, Marketing, Renewable energy, Science

BEIJING, May 16, 2023 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys," the "Company" or "we"), a leading provider of automation and control technologies and applications in China, today announced its unaudited financial results for the third quarter and the first nine months of fiscal year 2023 ended March 31, 2023.

Key Points: 
  • Net income attributable to Hollysys was $81.2 million, an increase of 35.0% compared to the comparable prior year period.
  • Non-GAAP net income attributable to Hollysys was $85.1 million, an increase of 22.3% compared to the comparable prior year period.
  • BEIJING, May 16, 2023 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys," the "Company" or "we"), a leading provider of automation and control technologies and applications in China, today announced its unaudited financial results for the third quarter and the first nine months of fiscal year 2023 ended March 31, 2023.
  • Third Quarter and the First Nine months Ended March 31, 2023 Unaudited Financial Results Summary

Global Green Hydrogen Market Analysis: Plant Capacity, Production, Process, Operating Efficiency, Demand & Supply, End-user Industries, Regional Demand, 2015-2032 - ResearchAndMarkets.com

Retrieved on: 
Tuesday, May 9, 2023
Alternative Energy, Energy, Green Technology, Environment, Shell plc, Employment, Toyota, Process, Renewable Transport Fuel Obligation, GAIL, Transport, Carbon, Electrolysis of water, 2005 Jilin chemical plant explosions, Wind, Government, Plant, Air Liquide, Energy storage, Nature, Sinopec, Linde plc, SK Inc., Renewable energy, Natural gas, Industrial gas, Coal, Hydrogen, Green hydrogen

The "Global Green Hydrogen Market Analysis: Plant Capacity, Production, Process, Operating Efficiency, Demand & Supply, End-user Industries, Regional Demand, 2015-2032" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Green Hydrogen Market Analysis: Plant Capacity, Production, Process, Operating Efficiency, Demand & Supply, End-user Industries, Regional Demand, 2015-2032" report has been added to ResearchAndMarkets.com's offering.
  • The Water Electrolysis process, which separates water molecules into their Hydrogen and oxygen components, is used to produce green Hydrogen.
  • One of the leading reasons contributing to the Green Hydrogen global market is its employment as a source of clean and renewable energy.
  • Based on demand, Asia Pacific holds the major share of the Green Hydrogen market all across the globe.

Sinopec Starts the Drilling of Asia's Deepest Oil and Gas Well in Tarim Basin

Retrieved on: 
Thursday, May 4, 2023
Well, Xayar County, Hydrogen sulfide, Pressure, Taklamakan Desert, Sinopec, HKG, The WELL, Tarim Basin, Natural gas

With a design  depth of 9,472 meters, it will be the deepest oil and gas well in Asia and a breakthrough of milestone significance in China's ultra-deep oil and gas exploration, which now has world-leading technological and equipment capabilities.

Key Points: 
  • With a design  depth of 9,472 meters, it will be the deepest oil and gas well in Asia and a breakthrough of milestone significance in China's ultra-deep oil and gas exploration, which now has world-leading technological and equipment capabilities.
  • The extensively difficult and challenging drilling operation is also setting a new Asian record for horizontal displacement in ultra-deep drilling.
  • Through its self-developed rotary geo-steerable drilling system and the high-temperature and high-pressure logging equipment, Sinopec has achieved leapfrog development of fast drilling in high precision.
  • As of now, the Shunbei oil and gas field of the Shendi-1 Project has 49 oil and gas wells that are deeper than 8,000 meters, and multiple wells have set new Asian records.

Sinopec Starts the Drilling of Asia's Deepest Oil and Gas Well in Tarim Basin

Retrieved on: 
Thursday, May 4, 2023
Well, Pressure, Taklamakan Desert, The WELL, Xayar County, Hydrogen sulfide, Multimedia, Sinopec, HKG, Tarim Basin, Natural gas

With a design  depth of 9,472 meters, it will be the deepest oil and gas well in Asia and a breakthrough of milestone significance in China's ultra-deep oil and gas exploration, which now has world-leading technological and equipment capabilities.

Key Points: 
  • With a design  depth of 9,472 meters, it will be the deepest oil and gas well in Asia and a breakthrough of milestone significance in China's ultra-deep oil and gas exploration, which now has world-leading technological and equipment capabilities.
  • The extensively difficult and challenging drilling operation is also setting a new Asian record for horizontal displacement in ultra-deep drilling.
  • Sinopec Northwest China Petroleum Bureau has innovatively adopted ultra-deep and large displacement technology that accesses the rich oil and gas resources without damaging the wetland natural reserve.
  • Through its self-developed rotary geo-steerable drilling system and the high-temperature and high-pressure logging equipment, Sinopec has achieved leapfrog development of fast drilling in high precision.

MECS Awarded Spent Acid Regeneration Plant at Sinopec Zhenhai

Retrieved on: 
Wednesday, April 19, 2023
Manufacturing, Other Manufacturing, Energy, Other Energy, Chemicals, Plastics, Social responsibility, Maintenance, Life, SAR, Carbon, Agrico Chemical Co., MECS, SO2, Engineering, Hand, Oil, Sinopec

Sinopec Zhenhai Refining and Chemical Co., Ltd (Sinopec), China’s largest integrated refining-chemical enterprise, has contracted with MECS, Inc. (MECS) and MECS Chemical Plants Equipment (Shanghai) Co., LTD., subsidiaries of Elessent Clean Technologies (Elessent), for the license, design, engineering, and equipment for a spent sulfuric acid regeneration plant.

Key Points: 
  • Sinopec Zhenhai Refining and Chemical Co., Ltd (Sinopec), China’s largest integrated refining-chemical enterprise, has contracted with MECS, Inc. (MECS) and MECS Chemical Plants Equipment (Shanghai) Co., LTD., subsidiaries of Elessent Clean Technologies (Elessent), for the license, design, engineering, and equipment for a spent sulfuric acid regeneration plant.
  • The spent acid regeneration plant will be built in conjunction with Sinopec’s planned expansion of its sulfuric acid alkylation and acrylonitrile facilities at the Ningbo site.
  • The growing use of sulfuric acid alkylation by refineries and increased production of spent sulfuric acid from chemical plants necessitate a resource to process the additional spent acid being produced.
  • By introducing an acid regeneration plant into their refinery, Sinopec is reducing as much waste as possible and prioritizing air quality.

Perma-Pipe International Holdings announces contract awards in excess of $8 million

Retrieved on: 
Monday, April 17, 2023
Engineering, HVAC, Oil, Gas, Manufacturing, Energy, Construction & Property, Building Systems, PPIH, EACOP, Perma-Pipe, Senior, Sinopec, East African Crude Oil Pipeline, EllisDon, Fanshawe College, Transport, Natural gas

Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) today announced it has been awarded two contracts with a combined value in excess of US$8 million.

Key Points: 
  • Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) today announced it has been awarded two contracts with a combined value in excess of US$8 million.
  • The first is to provide insulated piping for a thermal distribution system on the campus of Fanshawe College in London, Ontario, Canada.
  • The contract is to supply Perma-Pipe’s XTRU-THERM® thermally insulated piping system.
  • We have recently announced the opening of the new plant in Abu Dhabi and obtaining this award is an excellent start.

Sinopec to Take 1.25 Percent Shares in Qatar's North Field East LNG Expansion Project

Retrieved on: 
Thursday, April 13, 2023
QatarEnergy, HKG, Partnership, USD, Natural gas, NFE, Sinopec, LNG

DOHA, Qatar, April 13, 2023 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has signed an equity participation agreement with QatarEnergy on April 12 to take 1.25 percent shares in Qatar's North Field East (NFE) expansion project, which is currently the largest Liquefied Natural Gas (LNG) project in the world.

Key Points: 
  • DOHA, Qatar, April 13, 2023 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has signed an equity participation agreement with QatarEnergy on April 12 to take 1.25 percent shares in Qatar's North Field East (NFE) expansion project, which is currently the largest Liquefied Natural Gas (LNG) project in the world.
  • The event marks another milestone after Sinopec and QatarEnergy inked a 27-year long-term LNG purchase and sales agreement in November 2022 for the annual supply of 4 million tons of LNG to Sinopec and achieves integrated cooperation on the NFE expansion project.
  • Sinopec Chairman Ma Yongsheng and Qatari Minister of State for Energy Affairs, President and CEO of QatarEnergy, H.E.
  • Sinopec is the first Asian stakeholder of the NFE project and the event marks a model of Sino-Qatar cooperation.