SINGAPORE: PetroChina is set to shut its largest refinery in north China's Dalian around mid-2025, marking the first major closure at a state-run oil plant, part of a long-mooted project to replace it with a smaller facility at a new site, sources said. The planned shutdown of the entire 410,000 barrels pe
  • humanspiral@lemmy.ca
    5·
    17 days ago

    China’s overall refining volumes are down significantly since middle of year as EVs are surpassing 50% market share there. Also while NG use for electricity is down, they are converting a lot of heavy transport to use LNG. In the future this will transition to H2.

    This is a year of major climate progress, and even the west is inching forward.