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ICE car values plummet in China and it is the canary in the coal mine

Electrek

A looming crisis is brewing in China, as hundreds of thousands of unsold, polluting gas-powered vehicles may be rendered unsellable due to incoming emissions rules. It’s another sign that the global auto industry isn’t ready for the shift to EVs and will be caught unawares if it doesn’t ramp EV production fast enough.

Coal 145
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Air Products to acquire Shell’s coal gasification technology business and patent portfolio for liquids (residue) gasification; coal-to-fuels in China

Green Car Congress

Air Products will acquire Royal Dutch Shell’s Coal Gasification Technology business as well as Shell’s patent portfolio for Liquids (Residue) Gasification. As a leading industrial gas company, Air Products has extended its onsite supply model to use coal gasification to generate synthesis gas (syngas) for major projects.

Coal 170
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Haldor Topsoe and Yanchang form joint venture and build methanol catalyst facility in China

Green Car Congress

The joint venture will secure fast delivery to local customers, who demand high-performance catalysts for energy-efficient methanol production. Together, the two companies will build a production facility in Shaanxi Fupin in China to produce methanol synthesis catalysts.

China 243
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Report: Plastics industry will release more GHGs than coal plants in the US by 2030

Green Car Congress

Plastics are on track to contribute more greenhouse gas emissions than coal plants in the US by 2030, according to new report by Beyond Plastics, a nationwide project based at Bennington College in Vermont. Ethane Gas Cracker Facilities release at least 70 million tons of GHG each year. million tons of GHG each year.

Coal 236
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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

Green Car Congress

New investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China. This is due to wind and solar projects generating only when natural resources are available while oil, coal, and gas plants can potentially produce around the clock. thousand in 2017.

Coal 243
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$1.1B Huineng SNG plant goes on-stream transforming coal into natural gas in China

Green Car Congress

Haldor Topsoe A/S announced that Huineng, a large-scale SNG (Substitute Natural Gas) plant, went successfully on-stream near the city of Ordos, located in Inner Mongolia in the northern part of China. The plant will have an annual output of approximately 400 million normal cubic meters of SNG based on coal gasification.

Coal 231
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Ukraine state oil and gas company signs $3.656B credit agreement with China Development Bank to finance substituting natural gas with coal

Green Car Congress

The Ukraine state oil and gas company Naftogaz signed a US$3.656-billion credit agreement with the state-owned China Development Bank to finance the program of substituting natural gas with locally produced coal. The program is aimed at improving Ukraine’s energy security and alleviating dependence on foreign natural gas.

Ukraine 236