World non-renewable energy discussion

The world's largest ethanol production equipment, with an annual output of 600,000 tonnes, went into trial on Thursday in Huaibei City, east China's Anhui Province.

The equipment can convert coke oven gas into ethanol, which will massively increase the added value of coal and provide a feasible way for the low-carbon development of steel and petrochemical industries.

Adopting the advanced technology jointly developed by the Dalian Institute of Chemical Physics (DICP) under the Chinese Academy of Sciences and Shaanxi Yanchang Petroleum (Group) Co., Ltd., the equipment was constructed by Tanxin Technology Co., LTD. under the Huaibei Mining Group.

Ethanol is an excellent gasoline additive and a vital basic chemical. It is produced mainly by the United States, Brazil, and other countries, with crops such as grain and sugarcane as raw materials, and is used as fuel ethanol.

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The speed and scale of the expansion of China’s petrochemical sector dwarfs any historical precedent, roughly doubling the pace of earlier capacity additions in the Middle East and United States. Between 2019 and 2024, China is set to add as much production capacity for ethylene and propylene – the two most important petrochemical building blocks – as presently exists in Europe, Japan and Korea combined.

The structural transformation of the petrochemical industry has been reshaping global patterns of oil consumption. Global oil use in 2023 has decisively surpassed pre-Covid levels, rising to 1 million barrels per day (mb/d) above where it stood in 2019. However, this is largely being driven by petrochemical demand and is especially concentrated in China. In 2023, demand for petrochemical feedstocks such as naphtha, liquefied petroleum gas (LPG) and ethane in the country will average 1.7 mb/d more than in 2019. Were it not for the sector’s rapid growth, total oil consumption would remain comfortably short of the pre-pandemic mark.

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Sinopec made another breakthrough in its “Project Deep Earth” by announcing the discovery of the Hexingchang shale gas field in Sichuan, China. The proven geological reserves amount to 133.012 Bcm as validated by the State Ministry of Natural Resources, which marks another integrated, ultra-deep and tight-sandstone gas field of over 100 Bcm in China.

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Chinese oil giant CNOOC said on Sunday it has made a significant discovery in the Bozhong 26-6 oilfield in the country's northern Bohai Sea, revealing additional proven reserves exceeding 40million cubic meters. The oilfield's petroleum reservoir now boasts an accumulative 200 million cubic meters, making it the world's largest metamorphic oilfield.

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China's demand for petroleum products may reach its peak before 2025, amid the country's green energy transition, according to a prediction from a think tank.


Oil demand in China is expected to continue rising in 2024 amid economic recovery, while natural gas has been emerging as a pivotal energy source to support domestic energy transition, according to an industry report released by the China National Petroleum Corp Economics and Technology Research Institute in Beijing on Wednesday.


Energy supply in China remained ample and stable throughout last year, according to the report. Crude oil production remained steadfast at 200 million metric tons throughout 2023, marking a sixth consecutive year of growth.


Natural gas production exceeded 230 billion cubic meters, demonstrating a seven-year streak of annual increases that surpasses 100 billion cubic meters, it said.


Petroleum consumption surged to a historical peak of 756 million tons, an 11.5 percent year-on-year increase, while refined oil consumption reached 399 million tons, up 9.5 percent compared with the same period of the previous year. Natural gas consumption rebounded last year, reaching a yearly total of 391.7 billion cubic meters, up by 6.6 percent year-on-year, it said.

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China has discovered a major oilfield in the central and northern parts of the Bohai Sea, with proven reserves of 104 million tons of oil, marking a monumental find in the region following a decade of search efforts, state-owned oil giant CNOOC announced on Monday.

The Qinhuangdao 27-3 oilfield, located 200 kilometers west of North China's Tianjin, is a 48.9-meter-thick oil layer in a 1,570-meter-deep well. With reserves exceeding 100 million tons of oil equivalent, testing has shown that the oilfield can produce about 110 tons of crude oil per day, showing promising exploration prospects.

With a regular extraction pace, the Qinhuangdao 27-3 oilfield could produce nearly 20 million tons of crude oil, enough to meet the daily transportation needs of a city with a population of a million people for over a decade. The refined asphalt could be used to build over 100,000 kilometers of four-lane highways, said Zhou Jiaxiong, a manager of CNOOC Tianjin branch.

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