[Zinc-iron liquid flow energy storage battery project settled in Xiaoting, Hubei]On July 1, 2022, the government of Xiaoting District, Yichang City, Hubei Province signed a cooperation agreement with Weijing Energy Storage Technology Co., Ltd. and Hualin Titanium New Energy Zhuhai Co., Ltd. to determine a new type of zinc-iron liquid energy storage with a total investment of 16 billion yuan. The battery project and the composite titanium battery project were officially settled. Municipal Party Secretary Wang Li attended the signing ceremony and witnessed the signing. Deputy Secretary of the Municipal Party Committee and Mayor Ma Zejiang presided over the signing ceremony. Editor / Zhao E
The Zhangjialiang coal mine renovation project of Jizhong Energy Zhangkuang Group has officially started construction recently, shifting from the procedural stage to the substantive construction stage. The project started to revitalize the resources of deep 5-1 coal seam to 6-2 coal seam to ensure the continuity of coal mine capacity. The special team completed the approval of the safety facility design after three months, obtained the environmental impact assessment approval on June 26th, and obtained the construction record receipt on July 27th. The project will continue the open-pit mining process and advance from the western boundary of the third mining area. After production, it can activate coal resources and stabilize annual production capacity. After the completion of earthwork stripping, it is expected that coal can be extracted in mid October. Editor/Cheng Liting
Saudi Arabian National Oil Company released its financial report on August 4, 2026, showing a net profit of 32.7 billion US dollars in the second quarter of 2026, higher than the 22.7 billion US dollars in the same period last year and a year-on-year increase of 44%. According to the financial report, Saudi Aramco's average crude oil sales price in the second quarter was $108.1 per barrel, up 41% month on month and 62% year-on-year. Editor/Cheng Liting