logo
  

Sinopec Signs $10 Mln Contract With Wasabi New Energy Asia Subsidiary, SSNE

Wasabi New Energy Asia's subsidiary, together with Shanghai Shenghe New Energy Resources Science and Technology, or SSNE, Monday announced a contract with the Sinopec Hainan Refining & Chemical Co., Ltd. (SNP) for a 4.0 MegaWatt Kalina Cycle power plant.

Wasabi energy is the licensee of the Kalina Cycle, a technology that offers increased power output against other power generation technologies, especially at low temperatures.

The contract, worth in excess of $10 million, will allow Wasabi to utilize the Kalina Cycle in China, to generate emission free power from waste heat. The contract is expected to be completed by the end of 2013.

The Kalina Cycle power plant takes low temperature hot water from the paraxylene process in the polyester materials plant and convert it into a4.0 MW of usable emission free power thereby reducing the greenhouse emissions on the site.

Sinopec Hainan Refining & Chemical Co is a wholly owned subsidiary of Sinopec Corp., formerly known as China Petroleum & Chemical Corp.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Apple is set to open the Apple Tower Theatre in Los Angeles on Thursday. Apple has converted the 94-year old historic downtown LA art deco theatre into a show-stopping retail store or creative hub for the 21st century. This will be the first Apple Store in downtown LA and the 26th location in greater LA. Bea Lydecker's Naturals, Inc. is recalling six Living Free brand dietary supplement products citing undeclared soy lecithin, the U.S. Food and Drug Administration said. According to the agency, the labels declare lecithin but do not declare soy lecithin. Investment banking major Morgan Stanley plans to block employees and clients who are not fully vaccinated against COVID-19 from entering its New York offices, the Financial Times reported citing an internal memo. The policy is expected to come into effect on July 12, and all unvaccinated employees will lose building access from then onwards.
RELATED NEWS
Follow RTT