Monday, April 16, 2018 6:39:02 PM
“While hydropower generation can be expected to improve, China is likely to import more low CV coal from Indonesia,” Echeverri said.
The Chinese demand is expected to stem from the closure of antiquated production processes.
“There is support due to elimination of supply capacity after about 500 million mt of outdated capacity has been [shut] since 2016,” said Tian Hui, vice-president of China National Coal Association.
The advent of new technology is reducing the cost of generation of solar power and the environmental concerns of using coal are expected to reduce the share of thermal power in the energy mix in the coming years.
This is from your own article: China is importing from non-US providers in the short run, and is expected to move away from coal in the long run.
Not exactly a ringing endorsement for coal's future, now is it?
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM