China’s CNPC ramping efforts on renewables incl. geothermal
China National Petroleum Corp. increases efforts into new energy, having secured contracts for geothermal heating to up to 10m square meters in the first 6 months of 2021.
China National Petroleum Corp, the country’s largest oil and gas company, has vowed to further step up forays in the geothermal, wind and solar sectors, while gearing up in the integrative development of gas power generation and new energy, as reported by China Daily.
The company pledged to come up with new energy development and utilization capacity of up to 3.45 million metric tons of standard coal in 2021. While it has secured a contract area for geothermal heating of up to 10 million square meters during the first six months this year, progress is also being made in wind and solar projects. Current geothermal projects, distributed wind projects and photovoltaic projects under construction by the company are equivalent to 350,000 tons of standard coal, Huang said.
CNPC aims for a peak in its carbon emissions around 2025, which will help it reach near zero emissions by 2050, a decade ahead of China’s carbon neutrality target of 2060.
Source: China Daily