Tag Archives: sinopec

Oil giant taps China’s vast geothermal reserves

showing how the heat pump is operated
This photo taken on February 23, 2017 shows a worker from Sinopec Company, showing how the heat pump is operated to journalists in Zangangzhen, Heibei province. Chinese state-run energy giant Sinopec is drilling wells across the country without extracting a single drop of oil, using instead Scandinavian geothermal technology to heat homes in a move actively encouraged by the authorities. / AFP PHOTO / Fred DUFOUR / To match story by Julien GIRAULT

Though experts say there is immense potential in China’s subterranean heat reserves, they remain largely unexploited

BAODING, China (Feb. 26, 2017) — Chinese state-run energy giant Sinopec has drilled hundreds of wells across the country without finding a single drop of oil. But that was precisely the point: instead of black gold, the almost mile deep holes are providing clean heat for local homes. Continue reading Oil giant taps China’s vast geothermal reserves