You are here

Oil giant taps China's vast geothermal reserves

Monday, February 27, 2017 - 05:50

Sinopac has geothermal facilities in 16 Chinese provinces, allowing it to heat some 40 million square metres of homes and factories.

Baoding, China

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.

While two-

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom