In light of a new corruption probe among high-level Chinese government officials, a U.S.-based law firm says it is now investigating securities claims against PetroChina Company Ltd. Greater China media are reporting on a corruption probe into former security chief and mainland China Politburo Standing Committee member Zhou Yongkang. The proble will reportedly cover Zhou's […]
28 February 2011
A new deal between Mitsubishi Electric and Shanghai Electric is focused on growing energy saving systems.
30 November 2010
A new shale gas development deal has been signed between an American firm and a Chinese petroleum firm. Texas-based Weir Group PLC and China's Shengli Oilfield Highland Petroleum Equipment Company Ltd. announced the formation of a joint venture to provide high-pressure well service pumps and related flow control equipment to the developing shale gas industry […]
18 November 2010
Environmentalists should take note of a new energy venture between a foreign and domestic firm in China. European petrochemical firm Total and the Chinese energy group China Power Investment Corporation announced their intention to build a coal-based petrochemical plant in China's Inner Mongolia. Total will bring to this partnership its expertise in the Methanol to […]
11 November 2010
Mitsubishi Electric Corporation announced that it will ship the first of 10 sets of digital instrumentation and control systems for nuclear power plants in China, an order worth a total of JPY48 billion, as part of the first commercial collaboration between China and Japan in the field of nuclear power. The digital I&C systems, manufactured […]
27 September 2010
China Mobile Limited, the country's largest telecom operator, has announced that it has signed strategic cooperation memorandum of understanding on a "Green Action Plan" with 53 major suppliers around the world, driving the industry towards energy conservation and emission reduction. In 2007, China Mobile launched its "Green Action Plan", focusing on energy-saving, land and materials, […]
10 September 2010
Honeywell Building Solutions has announced that it has signed an energy savings performance contract with Dongguan Crystal Textile to help the Chinese company reduce the energy consumed in its manufacturing process. Under the agreement, Honeywell will help Crystal convert its boilers from coal to an environmentally-friendlier biomass feedstock. The company's existing air compressor system will […]
06 February 2009
The world is hoping that a new United States president will help overturn some of the previous Bush administration environmental policies, and a report released by Asia Society's Center on US-China Relations and the Pew Center on Global Climate Change is aimed at pushing the Obama administration towards interaction with … Read More>>
05 February 2009
A representative from the National Energy Bureau of China said at a national energy working conference this week that China would invest up to CNY580 billion on electrical power in 2009 and quicken the construction of new energy sources such as nuclear power and wind power.
04 February 2009
Despite the slowing global economy and planned employee lay-offs around the world, German industrial giant Siemens has announced that it intends to invest considerably more in China than it had previously planned.