You are here

Oil giant taps China's vast geothermal reserves

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: