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The global propylene market is forecast to grow at a CAGR around 6% during 2016-2025, on account of growing industrialization and rising demand for demand for eco-friendly paints across commercial and residential set ups. Additionally, announcements of various emerging OPT plants for propylene coupled with smooth trading practices between countries is boosting global propylene market. Propylene belongs to alkene class of hydrocarbons which is volatile and extremely flammable. It is one of the most extensively used organic chemical compound in the world. FCC splitters and On-Purpose Technology (OPT) are most widely used propylene production technologies across the globe. Propylene, one of the most important base chemicals, forms the building block for various chemical derivatives such as polypropylene, oxo-alcohols, propylene oxide, acrylic acid, acrylonitrile, cumene, acrolein, alkylates, dimersol, polymer gasoline, propylene oligomers, iso-butyl benzene, EPDM rubbers and isopropyl alcohol. Propylene and its derivatives are widely utilized for production of variety of downstream chemical products that find application in automotive and packaging applications. Moreover, expanding automotive sector, coupled with growing industrialization and booming packaging industry are anticipated to drive demand for propylene across the globe in the coming years. Furthermore, polypropylene is projected to dominate global propylene market, on account of increasing government regulations for reducing greenhouse gas emissions in environment supported by tremendous growth in the production of light commercial vehicles and packaging industries. Few of the leading players operating in global propylene market include Sinopec Corp., CNPC and ExxonMobil Corporation, among others. Global Propylene Market By Application, By Region, Competition Forecast and Opportunities, 2011 - 2025 discusses For more information about this report visit http://www.researchandmarkets.com/research/64spfd/global_propylene Research and Markets Laura Wood, Senior Manager press@researchandmarkets.com For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/research-and-markets---global-propylene-market-competition-forecast-and-opportunities-2025---leading-players-are-sinopec-corp-cnpc-and-exxonmobil-corporation-300444195.html


News Article | April 28, 2017
Site: news.yahoo.com

FILE PHOTO: The logo of CNPC (China National Petroleum Corporation) is pictured at the 26th World Gas Conference in Paris, France, June 2, 2015. REUTERS/Benoit Tessier/File Photo BEIJING (Reuters) - As the United Nations Security Council decides whether to tighten the sanctions screws on North Korea, the country's increasingly isolated government could lose a lifeline provided by state-owned China National Petroleum Corp (CNPC). For decades, the Chinese oil giant has sent small cargoes of jet fuel, diesel and gasoline from two large refineries in the northeastern city of Dalian and other nearby plants across the Yellow Sea to North Korea's western port of Nampo, five sources familiar with the business told Reuters. Nampo serves North Korea's capital, Pyongyang. CNPC also controls the export of crude oil to North Korea, an aid program that began about 40 years ago. The sources said the crude is transported through an ageing pipeline that runs from the border town of Dandong to feed North Korea's single operational oil refinery, the Ponghwa Chemical factory in Sinuiju on the other side of the Yalu river, which splits the two nations. The plant makes low-grade gasoline and diesel, the Chinese sources said. The five people outlined previously unreported details about CNPC's deals with Pyongyang and how it came to dominate that business, giving insight into the two countries' relationship and what's at stake as decades of close ties sour badly because of growing concerns about North Korea's missile programs and development of nuclear weapons. U.S. Secretary of State Rex Tillerson will press the U.N. Security Council on Friday to swiftly impose stronger sanctions in the event of further provocations by the reclusive state, including a long-range missile launch or sixth nuclear test. President Donald Trump's administration is focusing its North Korea strategy on tougher economic sanctions, possibly including an oil embargo, a global ban on its airline, intercepting cargo ships and punishing Chinese banks doing business with Pyongyang, U.S. officials told Reuters earlier this month. North Korea imports all its oil needs, mostly from China and a much smaller amount from Russia. It bought about 270,000 tonnes of fuel, from gasoline to diesel, last year, according to China's customs data. Crude oil exports from China to North Korea have not been disclosed by customs for several years, but the sources say it's about 520,000 tonnes a year. In North Korea, diesel has been critical for farming, especially at this time of year, ahead of the planting season and also around October for harvesting. Gasoline is mainly used by the transport industry and the military, experts say. Earlier this month, the Global Times, an influential Chinese tabloid whose stance does not necessarily reflect official policy, raised the possibility of cutting oil shipments to North Korea if it were to conduct another nuclear test. Most analysts argue such a harsh policy would be potentially destabilizing to the regime of Kim Jong Un and say curbing oil imports may be a more realistic option. "China could potentially be convinced to cap volumes like they did with coal, at the UNSC (United Nations Security Council) as part of a new sanctions resolution following another nuclear test," said Bonnie Glaser of the Center for Strategic and International Studies in Washington. Any loss of the North Korea trade will have only a tiny effect on Dalian. Dalian's two refineries having a combined capacity to process over 600,000 barrels of crude oil per day, about 40 times North Korea's requirements. CNPC, which controls both refineries, started to dominate the North Korea business in the late 1990s. Wang Lihua, who ran CNPC's trading arm from 1998 until her retirement this month, was the mastermind behind the dealmaking, beating out state rivals like Sinochem, the sources said. "CNPC has all along been the most politically minded among state energy firms, aiming for that role of North Korea's dominant supplier even if the business makes little money," said one of the sources, who is close to CNPC. CNPC and Sinochem did not respond to Reuters' requests for comment. Pyongyang's increasing nuclear and ballistic missile tests have already put the brakes on the trade. Beijing quietly suspended a decades-long aid program of 50,000 tonnes annually of aviation fuel in 2013. The government officially announced a ban on jet fuel only last June.


News Article | May 23, 2017
Site: www.prnewswire.com

LONDON, May 23, 2017 /PRNewswire/ -- Spending and Production Forecasts for Polymers, Surfactants, Biopolymers and ASP & Forecast by Region Plus Profiles of Top Companies Report Details This latest report by business intelligence provider visiongain assesses that Chemical EOR spending will reach $2.56bn in 2017. This report addresses the development of the global Chemical EOR market, analysing the prospects for 6 technologies, 15 regional & national markets and including forecasts for Spending and production from 2017-2027. It is therefore critical that you have your timescales correct and your forecasting plans ready. This report will ensure that you do. Visiongain's report will ensure that you keep informed and ahead of your competitors. Gain that competitive advantage. Download the full report: https://www.reportbuyer.com/product/4911757/ The Chemical EOR Market Forecast 2017-2027 responds to your need for definitive market data: Read on to discover how you can exploit the future business opportunities emerging in this sector. Visiongain's new study tells you and tells you NOW. In this brand new report, you find 207 in-depth tables, charts and graphs all unavailable elsewhere. The 254 page report provides clear detailed insight into the global Chemical EOR market. Discover the key drivers and challenges affecting the market. By ordering and reading our brand new report today you stay better informed and ready to act. Report Scope The report delivers considerable added value by revealing: 207 tables, charts and graphs analysing and revealing the growth prospects and outlook for the Chemical EOR. Chemical EOR market forecasts and analysis from 2017-2027. Chemical EOR market provides spending and production from 2017-2027 for 6 Chemical EOR technologies: • ASP • Polymer • Surfactant • Biopolymer • ASP/Polymer • Polymer/Surfactant Regional Chemical EOR market forecasts from 2017-2027 with drivers and restraints for the regions including: • China • Canada • Russia • Oman • Rest of Middle East • Indonesia • Venezuela • Colombia • Rest of Latin America • United States • India • Mexico • North Sea • Malaysia • Rest of the World Company profiles for the leading 10 Chemical EOR companies • BlackPearl Resources • Cenovus Energy • PetroChina (CNPC) • China National Offshore Oil Corporation (CNOOC) • Canadian Natural Resources (CNRL) • Murphy Oil Corporation • Petroleum Development Oman (PDO) • Rex Energy • Sinopec Corp • Zargon Oil and Gas Conclusions and recommendations which will aid decision-making How will you benefit from this report? • Keep your knowledge base up to speed. Don't get left behind • Reinforce your strategic decision-making with definitive and reliable market data • Learn how to exploit new technological trends • Realise your company's full potential within the market • Understand the competitive landscape and identify potential new business opportunities & partnerships Who should read this report? • Anyone with involvement in the Chemicals and Oil company • Energy price reporting companies • Energy company managers • Energy consultants • Oil and gas company executives and analysts • Heads of strategic development • Business development managers • Marketing managers • Market analysts, • Technologists • Suppliers • Investors • Banks • Government agencies Visiongain's study is intended for anyone requiring commercial analyses for the Chemical EOR market and leading companies. You find data, trends and predictions. Buy our report today the Chemical Enhanced Oil Recovery (EOR) Market 2017-2027: Spending and Production Forecasts for Polymers, Surfactants, Biopolymers and ASP & Forecast by Region Plus Profiles of Top Companies. Avoid missing out by staying informed – get our report now. visiongain is a trading partner with the US Federal Government Download the full report: https://www.reportbuyer.com/product/4911757/ About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers http://www.reportbuyer.com For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: query@reportbuyer.com Tel: +44 208 816 85 48 Website: www.reportbuyer.com To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/chemical-enhanced-oil-recovery-eor-market-2017-2027-300462657.html


— Global Petroleum Coke (Petcoke) Market 2012- 2022 Report provides detailed analysis of market in 9 chapters with required tables and figures. Global Petroleum Coke (Petcoke) Market report classifies Petroleum Coke (Petcoke) types as Fuel Grade Coke and Calcined Coke. Applications covered in this report are Calcining, Power Plants, Cement Kilns and Blast Furnace. This report also provides key analysis for the geographical regions like Europe, North America, China, Japan & Korea. Companies like Shell, Valero Energy, ConocoPhillips, MPC, Asbury Carbons, ExxonMobil, Aminco Resource, Carbograf, British Petroleum, Ferrolux, Mitsubishi, Sumitomo, Nippon Coke&Engineering, Indian Oil, Atha, Essar Oil, Minmat Ferro Alloys, Rain CII, Reliance, Aluminium Bahrain, Saudi Aramco, Sinopec, CNPC, CNOOC, CPC, Landbridge Group, Shaanxi Coal and Chem, Luqing Petrochemical and more are profiled in this report providing information on sale, price, sales regions, products and overview. Purchase a copy of this report at: https://www.themarketreports.com/report/buy-now/529140 Table of Contents: 1 Market Overview 1.1 Objectives of Research 1.2 Market Segment 2 Industry Chain 2.1 Industry Chain Structure 2.2 Upstream 2.3 Market 3 Environmental Analysis 3.1 Policy 3.2 Economic 3.3 Technology 3.4 Market Entry 4 Major Vendors 5 Market/Vendors Distribution 5.1 Regional Distribution 5.2 Product and Application 6 Regions Market 6.1 Global 6.2 Europe 6.3 North America 6.4 China 6.5 Japan & Korea 6.6 Trade 7 Forecast 7.1 Market Trends 7.2 Segment Forecast 8 Marketing Overview 8.1 Ex-factory Price 8.2 Buyer Price 8.3 Price Factors 8.4 Marketing Channel 9 Conclusion Inquire more about this report at: https://www.themarketreports.com/report/ask-your-query/529140 For more information, please visit https://www.themarketreports.com/report/global-petroleum-coke-petcoke-market-research-2011-2022


Propylene belongs to alkene class of hydrocarbons which is volatile and extremely flammable. It is one of the most extensively used organic chemical compound in the world. FCC splitters and On-Purpose Technology (OPT) are most widely used propylene production technologies across the globe. Propylene, one of the most important base chemicals, forms the building block for various chemical derivatives such as polypropylene, oxo-alcohols, propylene oxide, acrylic acid, acrylonitrile, cumene, acrolein, alkylates, dimersol, polymer gasoline, propylene oligomers, iso-butyl benzene, EPDM rubbers and isopropyl alcohol. Propylene and its derivatives are widely utilized for production of variety of downstream chemical products that find application in automotive and packaging applications. Moreover, expanding automotive sector, coupled with growing industrialization and booming packaging industry are anticipated to drive demand for propylene across the globe in the coming years. According to"Global Propylene Market By Application, By Region, Competition Forecast and Opportunities, 2011 - 2025", the global propylene market is forecast to grow at a CAGR around 6% during 2016-2025, on account of growing industrialization and rising demand for demand for eco-friendly paints across commercial and residential set ups. Additionally, announcements of various emerging OPT plants for propylene coupled with smooth trading practices between countries is boosting global propylene market. Furthermore, polypropylene is projected to dominate global propylene market, on account of increasing government regulations for reducing greenhouse gas emissions in environment supported by tremendous growth in the production of light commercial vehicles and packaging industries. Few of the leading players operating in global propylene market include Sinopec Corp., CNPC and ExxonMobil Corporation, among others."Global Propylene Market By Application, By Region, Competition Forecast and Opportunities, 2011 - 2025"report elaborates following aspects related to propylene market. Why You Should Buy This Report? The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with propylene suppliers, channel partners and industry experts. Secondary research included an exhaustive search of relevant publications such as company annual reports, financial reports and other proprietary databases. TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends. Connect with us on Twitter - https://twitter.com/TechSciResearch Connect with us on LinkedIn - https://www.linkedin.com/company/techsci-research


One of the major drivers of the water-soluble polymers market is the US shale gas drilling. The guar gum, among other water-soluble polymers, is largely used in hydraulic fracturing. The rise in its demand has significantly increased the prices of guar gum. The market is also driven by the growing water treatment industry in the Asia-Pacific region. The growing investments by big players like BASF, CNPC, and Beijing Hengju are expected to boost the market. However, fluctuating raw material prices, along with the rising environmental concerns, can restrain the market growth. Recent research and development in making bio-based acrylamide can be an opportunity for the future growth of the market. Polyacrylamide, among other water-soluble polymers, is the largest and fastest-growing market, mainly due to its application in water treatment and the petroleum industry. Guar gum, which is produced in Asia, is the second major market, with India and Pakistan being the leading producers. Asia-Pacific accounts for a majority of the water-soluble polymers market, with XX% of the total market size. China is the leading and fastest-growing market regarding value and consumption. Europe is the second biggest market, followed by North America. Some of the major companies are: For more information about this report visit http://www.researchandmarkets.com/research/7mrqxb/global Research and Markets Laura Wood, Senior Manager press@researchandmarkets.com For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-water-soluble-polymers-market-2017-2021-growing-shale-gas-industry--growing-demand-for-flocculants--coagulants--increasing-water-treatment-industry-in-asia-pacific---research-and-markets-300455082.html


News Article | May 10, 2017
Site: marketersmedia.com

Wiseguyreports.Com Adds “Automotive Coolant -Market Demand, Growth, Opportunities and Analysis of Top Key Player Forecast To 2022” To Its Research Database This report studies Automotive Coolant in Global market, especially in North America, Europe, China and Asia, focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering Market Segment by Regions, this report splits Global into several key Regions, with production, consumption, revenue, market share and growth rate of Automotive Coolant in these regions, from 2012 to 2022 (forecast), like Split by Product Type, with production, revenue, price, market share and growth rate of each type, can be divided into Ethylene Glycol Coolant Propylene Glycol Coolant Other Split by Application, this report focuses on consumption, market share and growth rate of Automotive Coolant in each application, can be divided into Passenger Vehicle Commercial Vehicle 1 Industry Overview of Automotive Coolant 1 1.1 Definition of Automotive Coolant 1 1.2 Classification of Automotive Coolant 1 1.2.1 Ethylene Glycol Coolant 2 1.2.2 Propylene Glycol Coolant 3 1.2.3 Type Three 3 1.3 Applications of Automotive Coolant 3 1.3.1 Passenger Vehicles 4 1.3.2 Commercial Vehicles 5 1.4 Industry Chain Structure of Automotive Coolant 6 1.5 Industry Overview and Major Regions Status of Automotive Coolant 7 1.5.1 Industry Overview of Automotive Coolant (Companies Segment) 7 1.5.2 Global Major Regions Status of Automotive Coolant 8 1.6 Industry Policy Analysis of Automotive Coolant 8 1.7 Industry News Analysis of Automotive Coolant 9 8 Major Manufacturers Analysis of Automotive Coolant 66 8.1 Prestone 66 8.1.1 Company Profile 66 8.1.2 Product Introduction 67 8.1.3 Production, Price, Gross Margin and Revenue 67 8.1.4 Contact Information 68 8.2 Shell 69 8.2.1 Company Profile 69 8.2.2 Product Introduction 69 8.2.3 Production, Price, Gross Margin and Revenue 70 8.2.4 Contact Information 72 8.3 ExxonMobil 72 8.3.1 Company Profile 72 8.3.2 Product Introduction 73 8.3.3 Production, Price, Gross Margin and Revenue 74 8.3.4 Contact Information 75 8.4 Castrol 75 8.4.1 Company Profile 76 8.4.2 Product Introduction 77 8.4.3 Production, Price, Gross Margin and Revenue 77 8.4.4 Contact Information 78 8.5 Total 79 8.5.1 Company Profile 79 8.5.2 Product Introduction 79 8.5.3 Production, Price, Gross Margin and Revenue 80 8.5.4 Contact Information 81 8.6 CCI 82 8.6.1 Company Profile 82 8.6.2 Product Introduction 83 8.6.3 Production, Price, Gross Margin and Revenue 83 8.6.4 Contact Information 84 8.7 BASF 85 8.7.1 Company Profile 85 8.7.2 Product Introduction 86 8.7.3 Production, Price, Gross Margin and Revenue 86 8.7.4 Contact Information 87 8.8 Valvoline 88 8.8.1 Company Profile 88 8.8.2 Product Introduction 89 8.8.3 Production, Price, Gross Margin and Revenue 89 8.8.4 Contact Information 90 8.9 Old World Industries 91 8.9.1 Company Profile 91 8.9.2 Product Introduction 92 8.9.3 Production, Price, Gross Margin and Revenue 93 8.9.4 Contact Information 94 8.10 KMCO 95 8.10.1 Company Profile 95 8.10.2 Product Introduction 95 8.10.3 Production, Price, Gross Margin and Revenue 96 8.10.4 Contact Information 97 8.11 Chevron 98 8.11.1 Company Profile 98 8.11.2 Product Introduction 98 8.11.3 Production, Price, Gross Margin and Revenue 99 8.11.4 Contact Information 100 8.12 SONAX 101 8.12.1 Company Profile 101 8.12.2 Product Introduction 102 8.12.3 Production, Price, Gross Margin and Revenue 102 8.12.4 Contact Information 103 8.13 Getz Nordic 104 8.13.1 Company Profile 104 8.13.2 Product Introduction 104 8.13.3 Production, Price, Gross Margin and Revenue 105 8.13.4 Contact Information 106 8.14 Kost USA 107 8.14.1 Company Profile 107 8.14.2 Product Introduction 107 8.14.3 Production, Price, Gross Margin and Revenue 108 8.14.4 Contact Information 109 8.15 Recochem 110 8.15.1 Company Profile 110 8.15.2 Product Introduction 110 8.15.3 Production, Price, Gross Margin and Revenue 111 8.15.4 Contact Information 112 8.16 Amsoil 113 8.16.1 Company Profile 113 8.16.2 Product Introduction 114 8.16.3 Production, Price, Gross Margin and Revenue 115 8.16.4 Contact Information 116 8.17 MITAN 116 8.17.1 Company Profile 116 8.17.2 Product Introduction 117 8.17.3 Production, Price, Gross Margin and Revenue 117 8.17.4 Contact Information 118 8.18 Gulf Oil International 119 8.18.1 Company Profile 119 8.18.2 Product Introduction 119 8.18.3 Production, Price, Gross Margin and Revenue 120 8.18.4 Contact Information 121 8.19 Paras Lubricants 122 8.19.1 Company Profile 122 8.19.2 Product Introduction 123 8.19.3 Production, Price, Gross Margin and Revenue 123 8.19.4 Contact Information 124 8.20 Solar Applied Materials 125 8.20.1 Company Profile 125 8.20.2 Product Introduction 126 8.20.3 Production, Price, Gross Margin and Revenue 126 8.20.4 Contact Information 127 8.21 Pentosin 128 8.21.1 Company Profile 128 8.21.2 Product Introduction 128 8.21.3 Production, Price, Gross Margin and Revenue 129 8.21.4 Contact Information 131 8.22 Millers Oils 131 8.22.1 Company Profile 131 8.22.2 Product Introduction 132 8.22.3 Production, Price, Gross Margin and Revenue 133 8.22.4 Contact Information 134 8.23 Silverhook 134 8.23.1 Company Profile 135 8.23.2 Product Introduction 135 8.23.3 Production, Price, Gross Margin and Revenue 136 8.23.4 Contact Information 137 8.24 Evans 138 8.24.1 Company Profile 138 8.24.2 Product Introduction 139 8.24.3 Production, Price, Gross Margin and Revenue 139 8.24.4 Contact Information 140 8.25 ABRO 141 8.25.1 Company Profile 141 8.25.2 Product Introduction 142 8.25.3 Production, Price, Gross Margin and Revenue 142 8.25.4 Contact Information 143 8.26 Sinopec 144 8.26.1 Company Profile 144 8.26.2 Product Introduction 144 8.26.3 Production, Price, Gross Margin and Revenue 145 8.26.4 Contact Information 146 8.27 CNPC 147 8.27.1 Company Profile 147 8.27.2 Product Introduction 148 8.27.3 Production, Price, Gross Margin and Revenue 148 8.27.4 Contact Information 149 8.28 Lanzhou Blue Star 150 8.28.1 Company Profile 150 8.28.2 Product Introduction 150 8.28.3 Production, Price, Gross Margin and Revenue 151 8.28.4 Contact Information 152 8.29 Zhongkun Petrochemical 153 8.29.1 Company Profile 153 8.29.2 Product Introduction 153 8.29.3 Production, Price, Gross Margin and Revenue 154 8.29.4 Contact Information 155 8.30 China-TEEC 155 8.30.1 Company Profile 155 8.30.2 Product Introduction 156 8.30.3 Production, Price, Gross Margin and Revenue 156 8.30.4 Contact Information 158 8.31 Guangdong Delian 158 8.31.1 Company Profile 158 8.31.2 Product Introduction 158 8.31.3 Production, Price, Gross Margin and Revenue 159 8.31.4 Contact Information 160 For more information, please visit https://www.wiseguyreports.com/sample-request/1270488-global-automotive-coolant-market-2017-industry-trend-and-forecast-2022


Sunpower Records 74.4% Increase in Profit Attributable to Shareholders to RMB142.2 Million for FY2016 Mainboard-listed Sunpower Group Ltd. ("Sunpower" or "the Group"), a China-based heat transfer technology specialist engaged in the design, R&D and manufacture of energy-efficient and environmental protection equipment for diverse industries, reported growth in both its top and bottom line for the financial year ended 31 December 2016 ("FY2016"). Revenue grew 13.3% year-on-year ("yoy") to RMB1,626.2 million and profit attributable to shareholders surged 74.4% yoy to RMB142.2 million for FY2016. Financial Highlights ---------------------------------------------------------------------- RMB 'Million FY2016 FY2015 YoY % Change ---------------------------------------------------------------------- Revenue 1,626.2 1,435.3 13.3% Gross profit 408.3 320.2 27.5% Gross profit margin 25.1% 22.3% 2.8pp Profit attributable to shareholders 142.2 81.5 74.5% PATMI margin 8.7% 5.7% 3.0pp Earnings per share (RMB cents) ** 19.27 20.54 (6.2%) ---------------------------------------------------------------------- pp: percentage points ** Calculated based on weighted average of 737,657,000 ordinary shares for FY2016 and 396,679,000 shares for FY2015. - Revenue grew 13.3% yoy mainly due to higher contribution from the EPC Integrated Solutions Systems and Environmental Equipment Manufacturing segments. - Gross profit increased by 27.5% to RMB408.3 million for FY2016 from RMB320.2 million for FY2016. - Maintained track record of stable dividend, proposed a first and final dividend of SGD 0.0012 per share which equivalent to a payout ratio of around 3% for FY2016. - Successfully repositioned as an environmental protection services provider into anti- smog service section for centralized steam projects to provide recurring income in the long term. - CDH Fund as a strategic value-added investor that will not only inject capital but also provide institutional support for the Company's long term growth. The Group's revenue increased by 13.3% from RMB1,435.3 million for FY2015 to RMB1,626.2 million for FY2016, mainly due to the increase in revenue contribution from the Engineering Procurement and Construction ("EPC") Integrated Solutions segment of RMB152.6 million and Environmental Equipment Manufacturing ("EEM") segment of RMB38.8 million. Gross profit increased by approximately 27.5% from RMB320.2 million for FY2015 to RM402.5 million for FY2016. Gross profit margin increased from 22.3% for FY2015 to 25.1% for FY2016. Other operating income increased by RMB17.1 million largely due to government grant received and reversal of impairment allowance on trade and non-trade receivables of RMB21.9 million in FY2016. Administrative expenses increased by RMB13.0 million in FY2016 mainly due to full-year impact of employee share option expenses and personnel expenses in line with group's performance. As a result of the above, the Group's net profit attributed to shareholders surged 74.4% from RMB81.5 million for FY2015 to RMB142.2 million for FY2016. Net cash generated from operating activities amounted to approximately RMB430.0 million for FY2016 primarily due to movements in working capital. Working capital changes were mainly derived from increase in other receivables and other payables with decrease in trade payables, trade receivables, and inventories. Outlook China is still in the midst of implementing economic reforms and restructuring. The economy grew by 6.7% in 2016, marking the slowest growth for the past 25 years. China's economic development has entered into a "New Normal" phase of slower growth. With the latest development in the Chinese economy, a "New Normal" has been unfolding in China's environmental protection industry as well. Mr. Guo Hongxin, Chairman of the Sunpower Group comments, "Despite continued periods of volatility in the China market, we are pleased to announce an encouraging results for FY2016. FY2016 marks a significant milestone for the Group. We repositioned and our growth momentum in the green energy industry and anti-smog services sector for the centralised steam and electricity facility projects. EPC income from the centralised steam projects has contributed to the rise in revenue for the year. With the expected completion of the 3 centralized heating projects in first half of 2017, the recurring income is expected to be generated in FY2017. Meanwhile, we have CDH Fund as a strategic value-added investor that will not only inject capital but also provide institutional support for the Company's long term growth. Moving forward, the Group will continue efforts to maintain stable performance in its Environmental Equipment Manufacturing and Engineering Procurement and Construction business segments. Besides, we will also expand our Green Investment business segment via BOO, BOT or TOT business models by leveraging on the vast opportunities in the environmental protection related industry. These opportunities arose as a result of the encouraging policies implemented by the Chinese government such as the Energy Saving Plan during 13th Five-Year Plan Period. We will strive to optimize the income structure and improve shareholders' value." About Sunpower Group Limited PRC-based Sunpower Group Ltd. is a one-stop solution provider for energy conservation, waste-to-energy and renewable energy projects which specialise in the design, R&D and manufacture of energy conservation products in China. Its main businesses include environmental equipment manufacturing, EPC Integrated Solutions (flare-gas recovery system, Zero Liquid Discharge ("ZLD") system, photovoltaic power generation and petrochemical engineering) and Green investments with Build-Operate-Transfer ("BOT")/Transfer-Operate-Transfer ("TOT")/Build-Operate-Own ("BOO") models (centralized steam and electricity). Sunpower has a strong customer base which includes well-known international customers such as BASF, BP, Shell, SABIC, Dow Chemical, Alcoa and Mobil, and Chinese conglomerates such as China Petrochemical Corporation ("Sinopec"), China National Petroleum Corporation ("CNPC"), China National Offshore Oil Corporation ("CNOOC") and China Shenhua. For more information, please refer to: http://sunpower.com.cn/. Issued for and on behalf of Sunpower Group Ltd By Financial PR Pte Ltd For more information please contact: Yong Jing Wen, Ngo Yit Sung, Tel: +65 6438 2990 Fax: +65 6438 0064 Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS


News Article | February 15, 2017
Site: www.businesswire.com

BEIJING--(BUSINESS WIRE)--cippe 2017 (the 17th China International Petroleum & Petrochemical Technology and Equipment Exhibition) will be held on March 20-22, 2017 at New China International Exhibition Center in Beijing. With an exhibition area of 100,000m2, the event will gather around 2,000 exhibitors from 65 countries and regions, including 50 Fortune Global 500 companies and 18 international pavilions, to display the latest cutting-edge petrochemical and equipment technologies and products. cippe is an approved member of the Global Association of the Exhibition Industry (UFI) and enjoys the support of China’s Ministry of Commerce. This year as the petroleum industry is setting to revive, cippe will present a more professional, valuable and wonderful event for the industry players. In 2017, apart from the existing Oil Exploration & Development, Offshore Oil & Gas, Offshore Engineering, Oil & Gas Pipeline, Shale Gas, Natural Gas and Explosion-proof Equipment zones, the event will add professional exhibition zones for more market segments, including Valves, Fire Control, Oilfield & Land Conservation, in a bid to build a more precise and professional matching platform for buyers. So far, companies that have confirmed to attend include Caterpillar, NOV, Schlumberger, GE, Honeywell, DOW Chemical, Rockwell, Transneft, Rosneft, Akzo, API, 3M, E+H, MTU, Hempel, CNPC, Sinopec, CNOOC, CSSC, CSIC, CASC, Jereh, Kerui, RG Petro-Machinery, Sany Heavy Industry, Northern Heavy Industries Group, CITIC Pacific, HBP, Jerrywon, LandOcean Energy, Anton Oilfield, Shanghai Shenkai, Tiehu Petromachinery, Tidfore, CNOOC, DS Group and Warom Technology. Building professional forums to help insiders look into the future cippe 2017 will continue to hold the 9th International Petroleum Summit highlighting low-cost development, which will analyze industry prospects and policies to come up with feasible practices and technologies. Multiple other technology seminars and symposiums will be held concurrently. During cippe 2017, the organizer Zhenwei Expo will partner with Xi'an Shiyou University and Shanxi Petroleum Society to hold the 2017 International Petroleum & Petrochemical Technology Conference, covering the full industry chain including offshore petroleum exploration, drilling and producing engineering, oil & gas storage and transportation, etc. Besides, cippe will launch the Middle East session by cooperating with Petroleum Association of Middle East (PAME) and Business Gateways International. LLC., (BGI) of Oman. While BGI Oman will introduce in details about its Joint Supplier Registration System (JSRS) to facilitate Chinese petroleum companies to enter Omanis market, PAME will elaborate on the opportunities, challenges and strategies in the Middle Eastern market. cippe 2017 will attract over 100 buyer and visitor delegations comprised of government institutions, industry associations and companies. Rosneft, Gazprom, Transneft, Saudi Aramco, Statoil, NIOC, INOC, Qatargas, Saudi Aramco, Emirates National Oil, Petronas, KNPC, PDVSA, EVOLEN, PAME, DNV, and other industry associations from the Netherlands, India and France.


News Article | February 20, 2017
Site: www.ogj.com

Abu Dhabi National Oil Co. (ADNOC) has awarded China National Petroleum Corp. (CNPC) 8% interest in Abu Dhabi’s onshore oil concession in exchange for a signup bonus of $1.77 billion.

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