Sinopec, Orka Energy pen geothermal energy agreement
Updated: 2012-04-24 09:41
(Xinhua)
|
|||||||||||
BEIJING - China's largest oil refiner, Sinopec Group, announced Monday it has signed a framework agreement with Icelandic geothermal developer Orka Energy Ltd to expand cooperation in developing geothermal resources.
Sinopec said the two will seek to grow their joint venture, Shaanxi Green Energy Geothermal Development Co Ltd, aiming to expand geothermal energy heating to at least 100 million square meters of house floor by 2020 in China.
The two are also bidding to build their joint venture into a world-class technology provider that integrates research, development and applications, according to Sinopec.
Geothermal energy is a clean energy that can be used for heating homes and generating electricity. China is rich in geothermal energy resources, the development and use of which will be crucial for the nation's energy savings and its building an environmentally friendly society.
Related Stories
Sinopec to combine business sectors 2012-04-17 19:24
Sinopec spending big to develop Xinjiang oil 2012-03-06 17:17
Sinopec prospects Brazil oilfield with 5,000 bpd 2012-03-06 14:19
Today's Top News
President Xi confident in recovery from quake
H7N9 update: 104 cases, 21 deaths
Telecom workers restore links
Coal mine blast kills 18 in Jilin
Intl scholarship puts China on the map
More bird flu patients discharged
Gold loses sheen, but still a safe bet
US 'turns blind eye to human rights'
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
All-out efforts to save lives |
Liaoning: China's oceangoing giant |
Poultry industry under pressure |
'Spring' in the air for NGOs? |
Boy set to drive Chinese golf |
Latest technology gets people talking |