[Sinopec signs Kazakhstan polyethylene project]During the state visit of President Tokayev of Kazakhstan to China, Sinopec and Kazakhstan National Oil and Gas Company signed an agreement on the key terms of the joint development of polyethylene project in the Atyrau region of Kazakhstan in Xi'an. The project is the largest natural gas chemical project in the region, and all parties are expected to make a final investment decision in 2024. Sinopec and Kazakhstan have cooperated for many years. The signing of this agreement will bring the cooperative relationship between the two parties to a new level. The combination of Sinopec's capabilities in engineering, marketing, production and operation, and Kazakhstan's strong local capabilities and resource advantages can promote cooperation and complementarity between the two parties and seek win-win development. Edit/Ma Xue
On November 6, 2026, China's largest single-power flywheel energy storage project was connected to the grid at Huaneng Lanzhou Thermal Power Company, marking an important breakthrough in China's rapid frequency regulation technology for flywheel energy storage in thermal power bases. The 5 MW flywheel put into operation this time is currently the largest single-power flywheel in China. Its adjustment rate can reach 5 MW/s, its power storage can reach 1,250 kWh, its charge and discharge efficiency can reach over 85%, and its cycle life can reach tens of millions of times.Editor/Gong Ziwei
At the press conference of the "15th Five Year Plan" series held on November 6, 2026, it was learned that by 2030, the proportion of electricity in China's terminal energy consumption will increase to about 35%. In the field of transportation, the National Energy Administration will promote the construction of high-quality charging and swapping infrastructure layout, and build a charging infrastructure network with urban surface, highway line, and rural point layout. By 2030, the number of charging infrastructure will exceed 40 million, forming a charging service capacity that supports more than 110 million electric vehicles.Editor/Gong Ziwei