China's 16 centrally-managed State-owned Enterprises (SOEs) will form an association Wednesday, aimed at developing China's own electric cars, the Shanghai Securities News reported Wednesday.
About 50 companies have submitted 135 bids in an open tender for utility-scale solar power projects in China, the China Securities Journal reported on Tuesday.
The central government's measures to close outdated industrial facilities, its latest efforts in energy conservation, will help the country achieve its target to reduce energy intensity, said analysts.
Chinese Vice Premier Li Keqiang has said the transformation of the country's economic growth pattern is a significant change for the country that needs "new ideas and innovative approaches."
Authorities will restrict energy supply in areas with excessive increases in energy usage and high energy-consuming industries, said a high-ranking official with the National Development and Reform Commission (NDRC), the country's top economic planning body.
China has taken the lead in utilizing green technologies and is expected to be a major market for carbon capture and storage technologies.
China's first commercial carbon capture and storage plant is expected to be operational by the end of the year as construction of the plant's liquidification facility has started, company managers said Wednesday.
China will launch its first flight using aviation biofuel this year after signing an agreement with US aviation giant Boeing on Wednesday.
China and the United States on Wednesday signed eight green energy deals to enhance cooperation in the sector, a move analysts said would set examples for global collaboration in increasing energy efficiency and protecting environment. Biofuel flight
Steel industry restructuring in Shanxi province may kick off this summer, with State-owned Taiyuan Iron and Steel Group and Shougang Group leading the province's 60 million tons of capacity consolidation. Steel firms nervous over talk of rebate cut
Companies from China and Finland signed twelve deals on clean technology with a total contract value of around $250 million on Wednesday.
Chinese steel producers are worried over a possible export rebate cut by the Chinese authorities amid growing export risks imposed by trade remedy measures from the United States and the European Union.
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