Last updateFri, 03 Jul 2020 5pm

Sinopec, Kuwait Petroleum Reportedly To Partner on China Refinery

Kuwait Petroleum Corp. and China Petroleum & Chemical Corp., or Sinopec, along with an overseas oil producer, have agreed to construct a $9 billion petrochemical and refining plant in Guangdong province, China's energy authority chief said, according to Bloomberg.

The third party is Royal Dutch Shell PLC, Zhang Guobao, China's National Energy Administration head, said.

Source: MarketWatch

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Controversy Continues As U.S. LNG Imports Set To Rise

Proposals to build and operate liquefied natural gas (LNG) terminals in the U.S. and other parts of the world continue to face opposition from government officials, citizens and environmental groups.

In the U.S., projects in the Pacific Northwest and the U.S. East Coast continue to stir controversy over environmental and security risk concerns, as does the Federal Energy Regulatory Commission's (FERC's) handling of the LNG facility review and licensing process.

Source: Energy Current

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Funds Sought for Development Project's Sewage Plant

The 2,300 homes that a developer plans to build on cornfields on the outskirts of this Eastern Shore hamlet (pop. 1,146) were becoming increasingly remote as the economy soured. Then $120 million in stimulus money for Maryland water projects seemed to drop from the sky, and a local feud began to rage over sprawl and its cost.

Source: Washington Post

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Duke Energy to Build up to 400 'Mini' Solar Power Plants in NC

Duke Energy will build between 100 and 400 electricity-generating mini solar power plants throughout North Carolina over the next two years in one of the first large-scale initiatives of its kind in the U.S., CEO Jim Rogers said today.

"Solar and wind are both going to be key parts of our strategy going forward," Rogers told reporters following the company's annual meeting.

Source: Duke Energy

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Cap-and-Trade Would Have ‘Modest’ Industry Effect, Study Says

U.S. legislation capping greenhouse gas emissions would have a “modest” negative effect on the international competitiveness of industries such as cement, steel and aluminum, according to a study by the Pew Center on Climate Change.

These manufacturers on average would lose 1 percent of annual production to imports, the study projects.

Source: Bloomberg

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