In today’s talking points: Siemens in the process of developing clean coal in China; China’s investment in energy creates new history for Cambodia; General Motors ‘Green Supply Chain’ challenge results in enormous CO2 reductions; Fujifilm invests in China Resources Pharmaceutical Group
Siemens in the process of developing clean coal in China
Engineers from Siemens Corporate Technology are in the process of developing carbon dioxide free coal utilisation along with renewable sources of energy. Currently, coal accounts for approximately 70 percent of the electricity used in China, and is the main contributor to the country’s enormous and hazardous environmental issues. Siemens is hoping to develop new concepts of coal gasification for the Chinese market. Siemens Corporate Technology in Beijing is currently overseeing the start-up of an integrated gasification combined-cycle plant that would support the process of coal gasification.
Read more at: Meed
China’s investment in energy creates new history for Cambodia
Cambodia’s Minister of Mines and Energy has said that China’s investment in developing hydropower plants and power transmission lines has been a huge win for Cambodia and its economy. To date, six hydropower dams have already been built, with one currently under way at a cost of around $2.4 billion. Presently, these six hydroelectric plants represent 47% of the electricity available in Cambodia with 100% of all hydropower plants in Cambodia invested by Chinese companies.
Read more at: Xin Hua Net
General Motors ‘Green Supply Chain’ challenge results in enormous CO2 reductions
General Motor China challenged its part suppliers to a one year ‘Green Supply Chain’. The challenge resulted in more than $1.3 million being saved along the supply chain with a reduction in carbon dioxide figures of 5,500 metric tonnes. Vice President of CMW (Tianjin) Industry Co, one of the eight suppliers to General Motor China has said that the challenge provided professional guidance for them to identify energy conservation opportunities. General Motor has also recently set a goal to be completed powered by renewable energy by 2050.
Read more at: GM Authority
Fujifilm invests in China Resources Pharmaceutical Group
The Japanese company will pay $105 million for a 1% stake in the Chinese drugmaker conglomerate. The state-owned China Resources Pharmaceutical Group is China’s second largest drug maker and distributor. Fujifilm hopes to use the investment to expand sales of products like pharmaceuticals, supplements and medical devices. The company raked in HK$146.56 billion in sales last year, and is hoping to seek around $2 billion from an upcoming initial public offering.
Read more at: Nikkei Asia