Friday, August 2, 2019

China: Sinopec Plans to Triple Geothermal Heating Capacity

Energy pair add green plans to their palette (Upstream)

China’s leading energy companies PetroChina and Sinopec have launched green energy plans and initiatives to lower carbon dioxide emissions that complement their traditional focus on onshore and downstream project development, writes Xu Yihe.

While PetroChina is keen on offshore wind, Sinopec is pushing geothermal energy development, with plans to triple its geothermal heating capacity to 120 million to 150 million square metres by 2023, big enough to provide geothermal heating to about 2.1 million urban residents.

The initiative will enable Sinopec to replace coal with geothermal energy in 20 cities. The company has already retrofitted the facilities in 10 Chinese cities to accommodate a shift to geothermal energy.

Sinopec currently owns and operates geothermal projects capable of providing residential heating totalling some 50 million square metres, or about 30% of the space currently heated with geothermal energy.

Asian Development Bank is supporting Sinopec’s geothermal efforts with $250 million in funding. The company has also aligned with Arctic Green Energy in Iceland to pursue geothermal projects and research work.


From the Global Geothermal News archives:
Posted by at 8:45 AM
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Location: China