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MasterT · 2010-02-17T18:24:07.5730000Z

LandStar Inc. Industry Research Report Oil Vapor Recovery in the Growing Chinese Economy In November 2009, China's crude oil imports totaled 17,117,152 tons, a 28.12% growth compared to the previous year and an accumulative annual total of 182,523,516 tons from January 2009, a 10.95% growth. With this dramatic increase in China's demand for oil, Chinese oil industry follows international trends in preserving the existing resources, and introducing more stringent environmental regulations. As part of its road to sustainability, in its 11th 5-year plan (2006-2010) China launched more than 100 projects on climate change and sustainability as a part of the National Key Technology Research and Development (R&D) Program, the 863 Program for Industry Upgrades, and the 973 Program for Basic Research. China had spent over $1 billion on these projects thus far, and plans to contribute even more in the near future. Recycling of the evaporated fumes represents one of the most important oil and gas preservation techniques. Petrol contains volatile organic compounds (VOCs) that evaporate inside the tanks and fill the air space above the liquid fuel. When the trucks and tanks are being refueled, the fuel forces these vapors out and these, unless controlled, escape into the atmosphere. VOCs contribute to the formation of low-level ozone, a major air pollutant. In the light of Chinese efforts, Japanese Nippon Oil Corporation estimates that the Chinese market for Vapor Recovery Units in oil facilities will expand to a size of tens of billions of Yen by 2012, with thousands of units sold across China. Fast economic growth continues to fuel China's oil demand. The Chinese Academy of Social Sciences report forecasts, that China will consume 62.5% more oil in 2020 compared with 2006. China expects oil consumption to rise from 346.6 million tons in 2006, to 407 million tons in 2010 and 563 million tons in 2020. The oil demand will grow by an annual average of 4.5 percent from 2007 to 2010, and an annual average of 3.3 percent from 2010 to 2020, with gasoline demand rising 5.7 percent annually. Founded in the 1990s, Hubei Chuguan Technology Co. manufactures Vapor Recovery Units for the Chinese petrochemical industry, minimizing petrochemical evaporation that occurs during the transfer of volatile petrochemical fluids. The company installs its own patented vapor recovery technology to storage terminals and filling stations. The company holds 5 patents and ISO9001 certification for its products, cooperating with Chinese oil giants such as PetroChina and Sinopec. Sources: http://www.eneos.co.jp/ english/press/e71_enpr_091013.html http://www.autoproject.org.cn/ english/APECC_NEWS/APECC%20NEWS%2040indf http://www.chinadaily.com.cn/ china/2008-04/24/content_6640088.htm http://www.china.org.cn/ environment/2009-11/30/content_18978380.htm ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Mina Mar Marketing Group Inc., (MMMG) is a global Investor Awareness and Strategic Communications firm. Our company provides powerful communications solutions to enable organizations of all sizes to reach their goals and objectives. We facilitate the services required by our exclusive clients and well informed investors, and bring forth timely and effective solutions. We realize that companies look to maximize revenue, visibility, and growth. Our staff's knowledge and expertise within the financial services industry yield superior results time and time again.