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Sinopec Oilfield Service Corporation (600871.SH) is conducting technology project application and demonstration for CO2 storage and power generation technology research.
Sinopec Oilfield Service Corporation (600871.SH) stated on the investor interaction platform on August 13 that the company is conducting research on CO2 storage and power generation technology, and plans to store energy in CO2 by converting valley electricity or directly heating with solar energy, and store CO2 in underground caves. During periods of energy shortage, CO2 will be extracted for thermal power generation, thereby achieving cross-temporal use of valley electricity or solar energy. In the future, the energy storage process of CO2 will be integrated with the CCUS project's own energy characteristics to increase the proportion of green energy usage.
Stocks Stall as Gold and Oil 'Tinderbox Hedges' Dominate Trading
Sinopec SSC (01033.HK) plans to hold a board of directors meeting on August 20th to approve its mid-year performance.
Sinopec SSC (01033.HK) announced that the board of directors meeting will be held on August 20, 2024 (Tuesday) to review and approve the unaudited performance of the company and its subsidiaries for the six months ending on June 30, 2024, as well as to address any other matters (if any).
SINOPEC SSC: NOTICE OF BOARD MEETING
Concerns about demand have become the main market tone. Brent crude oil fell to a six-month low at one point, while US oil fell more than 4% during trading hours.
Despite the significant escalation of geopolitical tensions in the Middle East this week, which once briefly pushed up crude oil prices, the concern about economic recession has become the main market sentiment, and investors are worried about the demand for crude oil. Oil prices fell sharply on Friday, falling for four consecutive weeks, marking the longest decline since December last year.
Despite Delivering Investors Losses of 40% Over the Past 5 Years, Sinopec Oilfield Service (HKG:1033) Has Been Growing Its Earnings
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