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China’s refining capacity is expected to hit 937 million mt/year, or 18.81 million b/d, overtaking the US to become the world’s top refiner in 2022, the country’s oil giant CNPC’s Economics & Technology Research Institute said on April 12. At the same time, the refining sector is facing the headwind of high feedstock prices amid . ....
The appetite for Russian crude among China’s independent refiners fell to a nine-month low in February due to lower runs amid festive holidays and the Winter Olympics, while shipping risks and price volatility arising from Russia’s invasion of Ukraine may drive down inflows further in March. Russian crude imports by the independent refiners fell 43% . ....
Feedstock imports for China’s independent refineries rose by 1.8% month on month to 3.71 million b/d, or 15.7 million mt in May, as the refiners stockpiled bitumen blend ahead of the introduction of a new consumption tax on the fuel, data collected by S&P Global Platts showed on June 4. Bitumen blend imports jumped 15.2% . ....
Global and China Autonomous Mining Driving Market Report 2021 Featuring Chinese Technology Companies, Chinese OEMs, & Global Enterprises Such as Komatsu, Caterpillar, ASI, BELAZ News provided by Share this article Share this article ResearchAndMarkets.com s offering. Demand and policies speed up landing of Autonomous Driving in Mining Traditional mines have problems in recruitment, efficiency, costs, and potential safety hazards, while which can be solved by autonomous driving well. At the same time, mining areas features closed environment, fixed lines, low speed, and point-to-point, marking one of the best scenarios for autonomous driving. As early as the 1990s, smart mining emerged abroad. Australia is currently the most mature in this aspect. As of February 2020, nearly 80% of approximately 500 autonomous trucks in the world had been in Australia. China has successively introduced policies to promote the development of smart mining, especially the N ....