Four world records China's newly-merged energy colossus possesses

2017-11-29 11:42:00 General,  Company sxcoal.com

China Energy Investment Corporation, officially merged from Shenhua Group and China Guodian Corporation on November 28, has become the world's largest in coal mining, thermal power, renewable energy and coal-to-liquids conversion, Xinhua News Agency reported.

 

Related InformationShenhua Group officially renamed China Energy Investment Corp.

 

As the largest coal producer across the world, China Energy had 83 operating mines (including 16 opencast ones) by the end of 2016, with approved production capacity totaling 429 million tonnes per annum (Mtpa).

 

The enterprise is not only the world's largest coal supplier, selling coal to Japan, South Korea and many other countries and areas, but possesses the world's most advanced and largest-scale Shendong coalfield – a complex of 10-Mtpa-level mines – that is able to produce 20 million tonnes of clean coal each year and reaches the world-class level for all indicators.

 

With installed capacity up to 167 GW, China Energy is also the largest coal-fired power generator, whose power plants spread all over the 31 provinces in China, as well as in countries like Australia, South Africa and Indonesia.

 

The company also has made great strides in the sectors of environment protection and equipment manufacture. The world's first 1-GW supercritical reheat coal-fired generator, with the highest energy efficiency and environmental protection standards, is born at the company's branch in Taizhou, Jiangsu province.

 

China Energy is also the biggest renewable power generator in the world, especially its wind farms fleet. By the end of 2016, the company's wind installed capacity totaled 33 GW, capable of producing 57 TWh of electricity each year.

 

Not only owning the first overseas wind project among Chinese power generators, China Energy is also the only group integrating investment, construction and operation for wind projects in Africa.

 

In the coal-chemical industry, China Energy also tops the world. By end-2016, the company was running 28 coal-to-liquids projects with capacity of 5.26 Mtpa. In addition, it had coal-to-olefin capacity of 2.88 Mtpa.

 

Besides the above assets, the merged energy giant also owns 2,155-km railways, 300-million-tonne ports and 80 vessels to ship its products to end users in China and worldwide.

 

The energy conglomerate, boasting total assets worth 1.8 trillion yuan ($272.96 billion), is the biggest consolidation among central state-owned enterprises in recent years, according to Xiao Yaqing, chairman of the State-owned Assets Supervision and Administration Commission.

 

Qiao Baoping, chairman of China Energy, said the company would focus on coal mining and power generation, while making more effort to eliminate excess capacity, and speed up its drive to go global.

 

China Energy signed a memorandum of understanding with the government of West Virginia to cooperate on shale gas exploration at the beginning of the month. The deal, with total investment to reach $83.7 billion in 20 years, will be the largest ever energy cooperation deal between China and the United States.


(Writing by Alex Guo   Editing by Harry Huo)
For any questions, please contact us by inqury@fwenergy.com or +86-351-7219322.

Editors Recommendations

1 Vessel queue drops sharply at China's pivot coal terminal after New Year holiday 2018-02-22

Vessel queue substantially reduced at China's largest coal terminal Qinhuangdao after the Lunar New Year holiday, data showed from sxcoal.com, indicating low demand of rebuilding stocks from utilities

2 Vale's iron ore output hit record high in 2017 2018-02-22

Brazil's Vale, the world's largest iron ore miner, said on February 16 that output of the steelmaking material hit a fresh record high in 2017 thanks mainly to the outstanding performance of its so-ca

3 China thermal coal market possibly resilient after New Year holiday 2018-02-22

China's spot market of thermal coal has large odds to keep as buoyant as the pre-holiday level in the short run, owing mainly to pick-up of demand from power and other industrial sectors and tight rai

4 QHD coal stocks staying below 6 Mt during holiday 2018-02-22

Coal stocks at northern China's Qinhuangdao port – a barometer for domestic thermal coal market – stayed below 6 million tonnes during the Spring Festival holiday ending February 21, with inbound and

5 Colombia coal output down 1.2% in 2017 2018-02-22

Colombia, the world's fifth-largest exporter of coal, produced 89.4 million tonnes in 2017, down 1.2% compared with 90.5 million tonnes in 2016, the Energy and Mining Ministry said in a statement on F

6 Weekly China coal market news summary (Feb 11 –Feb 14) 2018-02-14

8th Global Coking Coal Resource & Market Summit to be held in Beijing mid Apr China's coking coal market regained strength in mid-2017 and hit a multi-year high in January 2018, backed by

7 China Jan power coal price index up 3.89% on month, NDRC 2018-02-14

China's monthly-issued price index of power coal stood at 549.12 yuan/t in January, up 12.93 yuan/t or 2.41% month on month and 20.58 yuan/t or 3.89% year on year, showed data from the National Develo

8 Wind energy installations continue to grow, WWEA 2018-02-13

The overall capacity of all wind turbines installed worldwide by the end of 2017 reached 539.291 GW, preliminary showed statistics from World Wind Energy Association (WWEA). A WWEA report

9 China wind power installation may slow down in 2018 2018-02-13

China is likely to install less wind power capacity in 2018 after a significant contraction last year, experts expected, which seems to be linked to a large slowdown in northern areas.

10 China will crack down on illegal coal mining in 2018, safety watchdog 2018-02-13

China will carry out “special action” in 2018 to crack down on illegal coal mining to ensure safe mine operations and reduce output capacity, the State Administration of Work Safety said in a statemen

Most Read Articles

1 Holiday Notice – Spring Festival 2018-02-14

Please kindly note that we will be on holiday from Thursday February 15 to Wednesday February 21 for the Spring Festival, the grandest holiday in China for family reunion. There will be n

2 Indian government takes steps to boost coal supplies to power plants 2018-02-14

In order to boost coal supplies to power plants, the government of India has decided on various steps including the use of dedicated rail transportation and setting up of power projects only within 50

3 China's import coal market shows signs of weakening on muted trades 2018-02-13

China's import thermal coal market showed signs of weakening after stabilizing for one week or so, as few Chinese utilities seek the material abroad after domestic power demand dropped significantly b

4 China Jan power coal price index up 3.89% on month, NDRC 2018-02-14

China's monthly-issued price index of power coal stood at 549.12 yuan/t in January, up 12.93 yuan/t or 2.41% month on month and 20.58 yuan/t or 3.89% year on year, showed data from the National Develo

5 Weekly global coal market news summary (Feb 11 –Feb 14) 2018-02-14

China urges U.S. restraint on steel imports China has expressed concerns over excessive protectionism in the steel sector by the United States, and urged it to show restraint in a probe into ste

6 China coastal coal freight rates down to multi-mth low 2018-02-13

Freight rates for shipping coal from northern China ports to the south suffered a sharper decline from the second half of last month, data showed from industry portal sxcoal.com. Historic

7 China's thermal coal supply will be guaranteed during Lunar New Year, NDRC 2018-02-12

Thermal coal supply for electricity generation purpose will be guaranteed and power consumption won't be affected during the Lunar New Year holiday, China's top economic planner the National Develo

8 China wind power installation may slow down in 2018 2018-02-13

China is likely to install less wind power capacity in 2018 after a significant contraction last year, experts expected, which seems to be linked to a large slowdown in northern areas.

9 China Coal Energy Jan commercial coal output down 7.1pct on yr 2018-02-14

China Coal Energy Co., Ltd, the listed arm of China National Coal Group, produced 6.11 million tonnes of commercial coal in January, down 7.1% year on year but up 10.29% month on month, said the com

10 Global thermal coal demand will outpace supply in 2018, Noble analyst 2018-02-14

Global thermal coal demand will outpace supply in 2018, leading to a strong market driven by rising demand from top buyers India and China, the chief coal analyst at Noble Resources said on February 1