Perstorp Group, a world leader in chemical innovation, has committed to setting science-based targets to reduce greenhouse gas emissions, in line with the Paris Climate Agreement. With ambitions to become the number one sustainable solutions provider within prioritized markets, Perstorp Group has already committed to becoming Finite Material Neutral. Now, the global chemical company has announced its commit ...

 In the past year, the global economy was hardly hit by the impact of COVID-19. In the first quarter of 2020, various localities suspended work and production due to the pandemic, resulting in a sharp decrease in industrial and commercial gas demand. However, after the resumption of work in full swing, the upstream price reduction policy was basically completed, and the retail prices of natural gas beg ...

Vietnamese construction company Trung Nam Group has inaugurated a wind power plant in the Thuận Bắc district of Vietnam's Ninh Thuận province. Combined with the 204MW solar power plant, the new facility is said to be the largest solar and wind power complex in Vietnam. Credit: Trung Nam Group. Vietnamese construction company Trung Nam Group has inaugurated a wind power plant in the Thuận Bắc district of Vie ...

Countries, companies, and banks are pledging their commitment to a rapid energy transition by 2050, dependent on a full-scale shift in what energy the world relies on. But how is the energy transition actually getting financed?  A new report from the University of Oxford paints a mixed picture; while coal is feeling the pinch, and many renewable energy sectors are growing rapidly, oil and gas financing has ...

THE Philippines is the second best investment destination for renewable energy (RE) in Southeast Asia with resources that can generate up to 3,000 gigawatts (GW), and a “highly-liberalized” active spot market, according to a report from HSBC Global Research. In deciding the rankings, the independent research house considered the entry barriers and regulatory environments of six Southeast Asian countries. Th ...

image captionCoal-fired power stations like this one in Guizhou province, China are expected to play a role in the carbon surge The International Energy Agency (IEA) is predicting a major surge in CO2 emissions from energy this year, as the world rebounds from the pandemic. Total energy emissions for 2021 will still be slightly lower than in 2019, the agency says. But CO2 will rise by the second largest ann ...

Chinese scientists have proposed the construction of a “super grid” that would connect Northeast Asia’s major economies and make renewable energy as cheap as coal, they say. China, Russia, Mongolia, South Korea, North Korea and Japan would all be connected. The region currently consumes a third of the world’s electricity, with demand set to double by 2050. According to the study, published this week in the ...

Asia-Pacific power industry contracts activity in Q1 2021 saw 315 contracts announced, marking a rise of 7% over the last four-quarter average of 295, according to GlobalData’s power database. Power contracts activity in Asia-Pacific by volume; YearMonthCountQ1-20276Q2-20256Q3-20328Q4-20320Q1-21315 Asia-Pacific power industry contracts in Q1 2021: India leads activity Looking at contracts by country, India ...

As analytical, predictive maintenance and forecasting tools are becoming essential in today’s wind farm operation, Mita-Teknik is gearing up to embrace the digital challenges of the coming years. In 2018, the Danish automation and green tech company Mita-Teknik launched their new Miscout 5 SCADA solution. Since then, the system has been extended and fine-tuned, and today, the multi brand SCADA solution is m ...

An expert panel charged with mapping out a plan for Japan to achieve zero net carbon emissions by 2050 met for the first time Wednesday, focusing on what the revised target for 2030 should be and how to structure a carbon tax. But Japan faces big hurdles in shifting to a more ambitious climate agenda. Analysts say that, if the country is to become a net emitter by 2050, then it will have to cut em ...