BlueFloat, China’s Dajin to partner on floating wind supply chain
Sep 19, 2024 15:04 CEST(ADPnews) - Jun 17, 2011 - US Sino Fibre Communications Inc (PINK:SFBE) announced that its China-based biomass technology unit Dalian Xinbao Biomass had secured USD 25 million (EUR 17.5m) in contracts from Cyprus and Greece for 15 biomass facilities.
The units will use olive residue, a by-product from the process of olive oil extraction, and anaerobic combustion to produce clean energy. The 15 facilities together are estimated to save as much as 78,000 tonnes of coal each year.
The order from Cyprus includes five anaerobic combustion installations that can jointly produce some 43.8 GWh a year. The other 10 of the contracted systems are for customers in Greece.
Near the end of May, Sino Fibre wrapped up the acquisition of a 60% stake in Dalian Xinbao Biomass for USD 50.75 million in stock.
(USD 1 = EUR 0.698)
BlueFloat, China’s Dajin to partner on floating wind supply chain
Sep 19, 2024 15:04 CESTWorld set to install 593 GW of new solar in 2024 - Ember
Sep 19, 2024 13:28 CESTIEA urges proactive measures to integrate renewables
Sep 18, 2024 11:17 CESTGreece downsizes target for 3rd battery storage tender - report
Sep 18, 2024 10:26 CESTClean hydrogen projects past FID spike to USD 75bn
Sep 17, 2024 14:44 CESTGlobal wind turbine order intake hits record 91.2 GW in H1
Sep 17, 2024 10:03 CEST