China plans to pour BILLIONS into energy saving technology.
Yep, and China is putting some firm numbers on LandStar/Hubei Chuguan's expertise: Carbon capture and storage (CCS). Every drop/molecule counts of oil & gas, including every drop that can be recovered.
http://www.oilweb.cn/ http://tinyurl.com/mugbxu (Google/English translation) Volatile oil and gas in China every year in direct economic losses caused 400 billion yuan. [400B CNY = 58.5B USD]
LandStar/Hubei Chuguan: "Adsorption of oil and gas recovery unit," the recovery rate reached 99%. The device is small investment, the installation of easy-to-use, high in technology, the application of a wide range of economic, environmental benefits, and have good market prospects.
With real gross domestic product growing at a rate of 8-10% a year, China's need for energy is projected to increase by 150 percent by 2020. to sustain its growth China requires increasing amounts of oil. Its oil consumption grows by 7.5% per year, seven times faster than the U.S.'
Growth in Chinese oil consumption has accelerated mainly because of a large-scale transition away from bicycles and mass transit toward private automobiles, more affordable since China's admission to the World Trade Organization.
Consequently, by year 2010 China is expected to have 90 times more cars than in 1990. With automobile numbers growing at 19% a year, projections show that China could surpass the total number of cars in the U.S. by 2030. Another contributor to the sharp increase in automobile sales is the very low price of gasoline in China. Chinese gasoline prices now rank among the lowest in the world for oil-importing countries, and are a third of retail prices in Europe and Japan, where steep taxes are imposed to discourage gasoline use.
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