STOCK TITAN

Sinopec's First Geothermal Power Production Pilot Project Connects to Grid

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags

Sinopec Star, a clean energy subsidiary of China Petroleum & Chemical (HKG: 0386), has launched its first geothermal power generation pilot project in Xianyang, Shaanxi Province. The project marks China's first thermoelectric helium integration initiative, featuring a 3,000-meter deep geothermal well with 102°C wellhead water temperature. The facility provides heating for 120,000 square meters and generates 700,000 kWh annually. Sinopec Star has developed technology to extract 99.99% pure helium from geothermal wells, addressing China's reliance on helium imports. The company currently operates geothermal heating systems in 72 cities, covering over 100 million square meters.

Sinopec Star, una sussidiaria di energia pulita della China Petroleum & Chemical (HKG: 0386), ha lanciato il suo primo progetto pilota di generazione di energia geotermica a Xianyang, nella provincia dello Shaanxi. Il progetto segna la prima iniziativa in Cina di integrazione termoelettrica dell'elio, con un pozzo geotermico profondo 3.000 metri e una temperatura dell'acqua del pozzo di 102°C. L'impianto fornisce riscaldamento per 120.000 metri quadrati e genera annualmente 700.000 kWh. Sinopec Star ha sviluppato una tecnologia per estrarre elio puro al 99,99% dai pozzi geotermici, affrontando la dipendenza della Cina dalle importazioni di elio. Attualmente, l'azienda gestisce sistemi di riscaldamento geotermico in 72 città, coprendo oltre 100 milioni di metri quadrati.

Sinopec Star, una subsidiaria de energía limpia de China Petroleum & Chemical (HKG: 0386), ha lanzado su primer proyecto piloto de generación de energía geotérmica en Xianyang, en la provincia de Shaanxi. El proyecto marca la primera iniciativa de integración termoeléctrica de helio en China, con un pozo geotérmico de 3,000 metros de profundidad y una temperatura de agua en la boca del pozo de 102°C. La instalación proporciona calefacción para 120,000 metros cuadrados y genera anualmente 700,000 kWh. Sinopec Star ha desarrollado tecnología para extraer helio puro al 99.99% de los pozos geotérmicos, abordando la dependencia de China de las importaciones de helio. Actualmente, la empresa opera sistemas de calefacción geotérmica en 72 ciudades, cubriendo más de 100 millones de metros cuadrados.

시노펙 스타(Sinopec Star)는 중국 석유화학공사(China Petroleum & Chemical, HKG: 0386)의 청정 에너지 자회사로, 섬서성 시안양에 첫 지열 발전 파일럿 프로젝트를 시작했습니다. 이 프로젝트는 중국의 첫 번째 열전기 헬륨 통합 이니셔티브로, 3,000 미터 깊이의 지열 우물과 102°C의 우물수 온도를 특징으로 합니다. 이 시설은 120,000 제곱미터의 난방을 제공하고 연간 700,000 kWh를 생성합니다. 시노펙 스타는 지열 우물에서 99.99% 순수 헬륨을 추출하는 기술을 개발하여 중국의 헬륨 수입 의존도를 해결했습니다. 현재 이 회사는 72개 도시에서 지열 난방 시스템을 운영하며, 1억 제곱미터 이상을 커버하고 있습니다.

Sinopec Star, une filiale d'énergie propre de China Petroleum & Chemical (HKG : 0386), a lancé son premier projet pilote de production d'énergie géothermique à Xianyang, dans la province du Shaanxi. Ce projet marque la première initiative d'intégration thermoélectrique de l'hélium en Chine, avec un puits géothermique d'une profondeur de 3 000 mètres et une température de l'eau de 102°C au niveau du puits. L'installation fournit du chauffage pour 120 000 mètres carrés et génère 700 000 kWh par an. Sinopec Star a développé une technologie pour extraire 99,99 % d'hélium pur des puits géothermiques, répondant ainsi à la dépendance de la Chine aux importations d'hélium. L'entreprise exploite actuellement des systèmes de chauffage géothermique dans 72 villes, couvrant plus de 100 millions de mètres carrés.

Sinopec Star, eine saubere Energie-Tochtergesellschaft der China Petroleum & Chemical (HKG: 0386), hat ihr erstes geothermisches Pilotprojekt zur Stromerzeugung in Xianyang, Provinz Shaanxi, gestartet. Das Projekt markiert Chinas erste thermische Helium-Integrationsinitiative mit einem 3.000 Meter tiefen geothermischen Bohrloch und einer Wassertemperatur von 102°C am Bohrkopf. Die Anlage bietet Heizenergie für 120.000 Quadratmeter und erzeugt jährlich 700.000 kWh. Sinopec Star hat eine Technologie entwickelt, um 99,99% reines Helium aus geothermischen Bohrlöchern zu extrahieren und somit Chinas Abhängigkeit von Heliumimporten zu verringern. Das Unternehmen betreibt derzeit geothermische Heizsysteme in 72 Städten und deckt über 100 Millionen Quadratmeter ab.

Positive
  • Successfully connected first geothermal power generation project to grid
  • Achieved 99.99% pure helium extraction capability
  • Facility generates 700,000 kWh annually
  • Provides heating for 120,000 square meters
  • Operates in 72 cities with over 100 million square meters of geothermal heating capacity
Negative
  • None.

XIANYANG, China, Nov. 5, 2024 /PRNewswire/ -- Sinopec Star Co., Ltd., a clean energy subsidiary of China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec"), has received  the grid access permit for its medium and deep geothermal power generation pilot project (the "Project") in Xianyang, Shaanxi Province, which is officially connected to the grid to produce power.

Sinopec’s First Geothermal Power Production Pilot Project Connects to Grid.

The Project, which is now connected to the grid and generating power, marks Sinopec's first foray into geothermal electricity production and represents China's inaugural pilot of thermoelectric helium integration—a significant stride toward enhancing the utilization of geothermal resources and optimizing the nation's energy mix.

Located in Xianyang in the Guanzhong region, where there is a large medium-low temperature sedimentary basin-type geothermal field known for large scale, high temperature, and superior water quality, the project has selected a geothermal well in Baoshi Jiayuan community with a depth of 3,000 meters and wellhead water temperature of around 102 degrees Celsius.

During the heating season, the project extracts geothermal water for heating and simultaneous helium extraction for low-load power generation. In the non-heating season, it operates at full load for continuous power generation, also extracting helium. The facility heats an area of 120,000 square meters and generates 700,000 kWh annually.

Sinopec Star has tackled the core technologies to extract the "golden gas" – helium - in geothermal wells, which is of great strategic importance and widely applied in numerous fields, including  aerospace, R&D, healthcare, and industrial productions. As a major manufacturing country, China has a high demand for helium, but has long relied heavily on imports. Helium is mainly extracted from natural gas, coal bed methane, and by-products of air separation units that contain helium.

Located in the Weihe Basin, the project area is rich in water-soluble and free helium, along with other gas resources. Sinopec's experts have discovered unusually high helium concentrations in the region's geothermal wells. At its Xianyang site, Sinopec Star has advanced the separation and purification of water-soluble helium, achieving 99.99% pure helium through membrane separation and variable pressure adsorption technologies. This success has provided insights for the industrial-scale production of geothermal water-soluble helium.

Sinopec is a leader in advancing geothermal development, having established more than 100 million square meters of geothermal heating capacity in 72 cities throughout China. Its project in the Xiong'an New Area has been recognized by the International Renewable Energy Agency (IRENA) as a global showcase pilot.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/sinopecs-first-geothermal-power-production-pilot-project-connects-to-grid-302297203.html

SOURCE SINOPEC

FAQ

What is the annual power generation capacity of Sinopec's (SNPTY) new geothermal project in Xianyang?

The geothermal power project generates 700,000 kWh annually.

What is the helium purity level achieved by Sinopec (SNPTY) at its Xianyang geothermal facility?

Sinopec Star has achieved 99.99% pure helium through membrane separation and variable pressure adsorption technologies.

How many cities does Sinopec's (SNPTY) geothermal heating system cover in China?

Sinopec operates geothermal heating systems in 72 cities throughout China.

What is the depth of Sinopec's (SNPTY) geothermal well in Xianyang?

The geothermal well in Baoshi Jiayuan community has a depth of 3,000 meters.

SNPTY

OTC:SNPTY

SNPTY Rankings

SNPTY Latest News

SNPTY Stock Data

72.46B
364.61M
0.16%
0.01%
Oil & Gas Integrated
Energy
Link
China
Beijing