China's first Megaton Carbon Capture project

[SOL]

Sinopec Completes China's First Megaton Scale Carbon Capture Project

China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has completed the construction of China's first megaton carbon capture, utilization and storage (CCUS) project, the Qilu-Shengli Oilfield CCUS (the "Project") on January 29, which will reduce carbon emission by 1 million tons per year, the equivalent of planting nearly 9 million trees and shutting down 600,000 economy cars.

The Qilu-Shengli Oilfield CCUS will reduce carbon emissions by 1 million tons per year

BEIJING, Jan. 29, 2022 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has completed the construction of China's first megaton carbon capture, utilization and storage (CCUS) project, the Qilu-Shengli Oilfield CCUS (the "Project") on January 29, which will reduce carbon emission by 1 million tons per year, the equivalent of planting nearly 9 million trees and shutting down 600,000 economy cars.

Sinopec Completes China’s First Megaton Scale Carbon Capture Project.
Sinopec Completes China’s First Megaton Scale Carbon Capture Project.
As China's largest full industrial chain CCUS demonstration base and industry benchmark, the Project is estimated to increase the oil production by 2.965 million tons in the next 15 years. It's of great significance to China's scaled development of CCUS and building an "artificial carbon cycle" model to increase China's carbon emissions reduction capabilities as the country advances to achieve the "dual carbon" goals of reaching peak carbon emissions by 2030 and carbon neutrality by 2060.

The construction of the Project was initiated in July, 2021 and is consisted of two parts – Sinopec Qilu's carbon dioxide capture and Shengli Oilfield's carbon dioxide displacement and storage. The carbon dioxide captured by Sinopec Qilu will be transported to Shengli Oilfield for further displacement and storage via green transport mode, achieving an integrated application of carbon capture, displacement and storage to seal the carbon dioxide underground and drive the oil out – turning the waste into treasure.

Sinopec Qilu has newly constructed a liquid carbon dioxide recovery and utilization unit with a capacity of 1 million tons per year, which includes compression unit, refrigeration unit, liquefaction refining unit and supporting facilities to recover carbon dioxide from the tail gas of coal-to-hydrogen plant with a purification rate of over 99 percent.

Meanwhile, Shengli Oilfield is applying the principle of supercritical carbon dioxide's easy miscibility with crude oil to build 10 unattended gas injection stations in Zhenglizhuang Oilfield to inject carbon dioxide into the 73 wells nearby to increase crude oil fluidity and improve oil recovery while adopting a closed pipeline transportation of oil and gas to further enhance carbon dioxide sequestration rate.

https://finance.yahoo.com/news/sinopec- ... 00258.html

[SOL]

Huawei already has a solution for 5G:
Instead of pushing for the 7 and 5 nm chip-scale, Huawei can use parallel processing arrays with 14-28 nm chips that are as fast as you want, and the end-user device becomes a dumb terminal for this central processor.

“The importance of the superfast, narrow gateway chips is exaggerated. China can now or soon will be able to produce all the 14-28nm chips it needs and that’s 98-99% of the total market.”
Peter Wennink is spot on. Chip blocking has only harmed the US supply chain and caused industry-wide chip shortages in non-Chinese firms. The US political strategy will fail. It is not even working in the short term

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Tech experts is the above statement true. If it is true then China is already producing almost all the chips it needs in the 14-28nm scale range. Secondly it could export these chips to other nations and they could use the parallel processing to overcome the restrictions they face by not having access to 7nm and smaller chipsets

Lastly, it is rumoured that China is quite close to building 7nm chips

Last year, Semiconductor Manufacturing International Corp. began mass production of Kirin 710A chips for Huawei. For the first time, Huawei builds hardware with a foundry other than Taiwan Semiconductor Manufacturing Co.

In October, SMIC said it would soon produce 7-nanometer wafers for the Chinese market. In addition, China Electronics Technology Group Corp. has developed a series of homegrown ion implanters. Thus enabling the production of 28-nanometer wafers, a crucial industry component.

China’s moves in the semiconductor industry are reshaping the industry’s global dynamics. Major U.S. suppliers including Qualcomm have reported lower revenues and are lobbying against sanctions on exports to China.

Industry experts are expecting the U.S. share in the global semiconductor market to drop about 10%. And revenue to decline more than 20% in the next three to five years.

As an attempt to address such issues, the China Semiconductor Industry Association and the U.S.-based Semiconductor Industry Association have formed a working group to discuss how to resolve issues such as intellectual property, trade policy and encryption.

The rise of Chinese players as well as the actions of the United States, the European Union and other governments, will make competition in the industry more intense. China’s semiconductor industry has clearly entered a new era, as its competitiveness is sharpening and its structure is changing. Supply and value chains in the rest of the world are changing accordingly.

Every time the USA has pulled this moronic stunt of trying to block technology, China has developed core competency. Then they become the lower-cost competitor and dominate the marketplace.
What was Obama and then Trump and Biden now thinking? What is it about technology and the division of global labour that these fools can’t understand? The take-home message is simple. Industry experts are expecting the U.S. share in the global semiconductor market to drop about 10% and revenue to decline more than 20% over the next three to five years.
http://cashmccall.com/china-qualcomm-fi ... rs-behind/

Lots of hyperbole in the article, but tech orientated guys can quickly separate the riff from the raff.

[SOL]

China’s median download speed was just over 299 megabits per second in the third quarter of 2021 versus 93.73 megabits per second in the U.S., according to Speedtest, a company which measures internet speeds.

“Mobile internet speed is a central advancement of 5G, which enables a new domain of breakthrough applications with potent economic and national-security implications,” Allison and Schmidt said.

The authors also said that Huawei, China’s biggest telecommunications equipment maker, still dominates the market “although American sanctions have hurt Huawei.”

Meanwhile, China has been “rapidly allocating the most efficient part” of the wireless spectrum, called midband, to telecommunications companies. The authors claimed that AT&T and Verizon are using the same spectrum band for both their 4G and 5G networks in the U.S.

Allison and Schmidt also said that China is outspending the U.S. when it comes to 5G.

“The pathetic U.S. performance in the 5G race is a sign of America’s larger failure to keep up with China on strategically important technologies. China is also ahead of America in high-tech manufacturing, green energy and many applications of artificial intelligence,” they said.

“On current trajectories, by 2030 it will likely lead the U.S. in the number of semiconductor chips it produces and in applications of biotechnology to defeat diseases like cancer.” Schmidt has been critical of the U.S. government’s approach to technologies he views as key to the future and has warned on several occasions about the threat of China overtaking.

Last year, a report by the National Security Commission on Artificial Intelligence, which Schmidt chairs, said China could soon replace the U.S. as the world’s “AI superpower” and that could have serious military implications to consider.

https://www.cnbc.com/2022/02/17/us-well ... -says.html

[harryg]

Industry experts are expecting the U.S. share in the global semiconductor market to drop about 10% and revenue to decline more than 20% over the next three to five years.

Surely if true this means that companies like Intel are fighting a losing battle.

Or do you see it as a rising tide lifting all ships?

One of my very long-term holdings is SMT.L (a UK investment trust). They've been hammered lately but I'm not too worried. Even if others aren't interested in the fund, I can recommend the company website (Ballie Gifford) as they make known most of their thinking processes via articles and videos.

Tom Slater, co-manager of SMT, has said that Silicon valley is no longer the clear leader in tech invention, that mantle having passed to China: "the pace of innovation at scale in China now exceeds anything we can find in the rest of the world".

That was an interesting statement to me, because most commentary about China relates to them copying / manufacturing, rather than innovating.

I appreciate that part of the business of these funds is to talk themselves up, but they have lots of people on the ground.

[SOL]

Industry experts are expecting the U.S. share in the global semiconductor market to drop about 10% and revenue to decline more than 20% over the next three to five years.

Surely if true this means that companies like Intel are fighting a losing battle.

Or do you see it as a rising tide lifting all ships?

One of my very long-term holdings is SMT.L (a UK investment trust). They've been hammered lately but I'm not too worried. Even if others aren't interested in the fund, I can recommend the company website (Ballie Gifford) as they make known most of their thinking processes via articles and videos.

Tom Slater, co-manager of SMT, has said that Silicon valley is no longer the clear leader in tech invention, that mantle having passed to China: "the pace of innovation at scale in China now exceeds anything we can find in the rest of the world".

That was an interesting statement to me, because most commentary about China relates to them copying / manufacturing, rather than innovating.

I appreciate that part of the business of these funds is to talk themselves up, but they have lots of people on the ground.

Demand for Chips will be so high that everything produced will be consumed. Eventually, Intel if it does not catch up with TSM and eventually China. It will have no option but to join them or fold. However, that is still a long way in the making. For now, China is moving into the next stage of the game from copying to innovating and they are going to innovate at a mind-numbing rate for they are working on the premise that they are next in line for Russian type sanctions.

[SOL]

China’s $2.3 Trillion Infrastructure Plan Puts America’s to Shame
More than half the projects will directly support the manufacturing and service industries.

With coronavirus lockdowns, a real estate downturn, and surging oil prices stemming from Russia’s invasion of Ukraine, Chinese President Xi Jinping is turning to reliable allies to keep his ambitious economic growth target in reach: the country’s more than 50 million construction workers.

At Beijing’s behest, local governments have drawn up lists of thousands of “major projects,” which they’re being put under intense pressure to see through. Planned investment this year amounts to at least 14.8 trillion yuan ($2.3 trillion), according to a Bloomberg analysis. That’s more than double the new spending in the infrastructure package the U.S. Congress approved last year, which totals $1.1 trillion spread over five years.

Much of the spending, like that in Washington’s plan, is aimed at transportation, water, and digital infrastructure. But China already has more than twice as much high-speed rail as the rest of the planet combined, as well as the world’s longest expressway network, so it’s shifting the composition of construction stimulus. Only about 30% of projects are traditional infrastructure, such as roads and rail. More than half are geared to support the manufacturing and service industries: factories, industrial parks, technology incubators, and even theme parks. “Now that China has basic modern infrastructure it makes sense to focus investment on manufacturing,” says Nancy Qian, professor at Kellogg School of Management at Northwestern University.

The change in emphasis reflects Beijing’s commitment to ensuring China retains its dominant share of global manufacturing, even as it shifts into more advanced areas such as electric vehicles and batteries, renewable energy, and microchips. One project that fits the bill is a 2.2 billion-yuan expansion of Beijing’s Zhongguancun Dongsheng Science and Technology Park to house a new generation of tech startups.

At the construction site, cranes surround a huge pit where foundations are being laid by workers in face masks and hard hats who started arriving a month ago. To avoid virus outbreaks, workers live in a bubble—shuttling between dormitories and the work site—and are tested weekly.
https://www.bloomberg.com/news/articles ... s-spending

Once again China focuses on long term growth, while the US focuses on weapons, rhetoric and making its people focus on handouts instead of independence. There is no doubt that Asia will rule going forward. All the future growth is there and in the Eurasia zone, In the US we have lots of flatulence to look forward to

[Yodean]

*****

High risk, but Chinese equities should have some tailwinds behind them this year, with loose monetary policy and the upcoming National Congress in November.

[SOL]

China Has Launched the World's First 6G Satellite. We Don't Even Know What 6G Is Yet.

On November 6, China successfully launched a Long March 6 rocket and sent a payload of 13 satellites into orbit. Among them was what has been described as “the world’s first 6G satellite”, according to BBC. The problem? The rest of the world is still several years away from agreeing what 6G will even be.

🛰 You love badass tech. So do we. Let's nerd out over it together.

5G—what is considered the fifth, and most recent generation of cellular broadband networks—is still in its infancy. True 5G networks operate in millimeter-wave frequencies between 30 and 300 Gigahertz, which are 10 to 100 times higher frequency than previous 4G cellular network. (Some cell phone providers cheat, however, by claiming the upper end of the 4G spectrum as 5G).

Tianyan-5 launched aboard the Chinese-built rocket with Earth-observing satellites from the Argentinian company Satellogic. In a sun-synchronous orbit, the satellites will provide high-resolution images covering 1.5 million square miles (4 square kilometers) a day with high enough resolution to discern individual trees in a forest. The satellite could help stop illegal-logging in forests and manage crop disasters. Time will tell whether Tianyan-5 will be the next “G” for cell phones.

https://www.popularmechanics.com/space/ ... to%20orbit.

[Budge]

China Has Launched the World's First 6G Satellite. We Don't Even Know What 6G Is Yet.

On November 6, China successfully launched a Long March 6 rocket and sent a payload of 13 satellites into orbit. Among them was what has been described as “the world’s first 6G satellite”, according to BBC. The problem? The rest of the world is still several years away from agreeing what 6G will even be.

🛰 You love badass tech. So do we. Let's nerd out over it together.

5G—what is considered the fifth, and most recent generation of cellular broadband networks—is still in its infancy. True 5G networks operate in millimeter-wave frequencies between 30 and 300 Gigahertz, which are 10 to 100 times higher frequency than previous 4G cellular network. (Some cell phone providers cheat, however, by claiming the upper end of the 4G spectrum as 5G).

Tianyan-5 launched aboard the Chinese-built rocket with Earth-observing satellites from the Argentinian company Satellogic. In a sun-synchronous orbit, the satellites will provide high-resolution images covering 1.5 million square miles (4 square kilometers) a day with high enough resolution to discern individual trees in a forest. The satellite could help stop illegal-logging in forests and manage crop disasters. Time will tell whether Tianyan-5 will be the next “G” for cell phones.

https://www.popularmechanics.com/space/ ... to%20orbit.

Not only in the air and on land, China's underground success:

"According to a report from the South China Morning Post, nuclear authorities in China discovered rich uranium deposits at shallow depths below the Earth.

The discovery, which is being touted as a breakthrough for the country's national security, could also change the scientific community's understanding of uranium formation, providing a new avenue for uranium detection worldwide.

New discovery increases China's total uranium reserve 10-fold
Massive amounts of industrial-grade deposits were allegedly discovered at depths thought to be impossible — so much that it will increase China's estimated total reserve of uranium 10-fold to more than two million tonnes, according to SCMP.

If true, that would put China roughly level with Australia, which is one of the world's most uranium-rich countries."

https://interestingengineering.com/chin ... nd-uranium

[SOL]

China Has Launched the World's First 6G Satellite. We Don't Even Know What 6G Is Yet.

On November 6, China successfully launched a Long March 6 rocket and sent a payload of 13 satellites into orbit. Among them was what has been described as “the world’s first 6G satellite”, according to BBC. The problem? The rest of the world is still several years away from agreeing what 6G will even be.

🛰 You love badass tech. So do we. Let's nerd out over it together.

5G—what is considered the fifth, and most recent generation of cellular broadband networks—is still in its infancy. True 5G networks operate in millimeter-wave frequencies between 30 and 300 Gigahertz, which are 10 to 100 times higher frequency than previous 4G cellular network. (Some cell phone providers cheat, however, by claiming the upper end of the 4G spectrum as 5G).

Tianyan-5 launched aboard the Chinese-built rocket with Earth-observing satellites from the Argentinian company Satellogic. In a sun-synchronous orbit, the satellites will provide high-resolution images covering 1.5 million square miles (4 square kilometers) a day with high enough resolution to discern individual trees in a forest. The satellite could help stop illegal-logging in forests and manage crop disasters. Time will tell whether Tianyan-5 will be the next “G” for cell phones.

https://www.popularmechanics.com/space/ ... to%20orbit.

Not only in the air and on land, China's underground success:

"According to a report from the South China Morning Post, nuclear authorities in China discovered rich uranium deposits at shallow depths below the Earth.

The discovery, which is being touted as a breakthrough for the country's national security, could also change the scientific community's understanding of uranium formation, providing a new avenue for uranium detection worldwide.

New discovery increases China's total uranium reserve 10-fold
Massive amounts of industrial-grade deposits were allegedly discovered at depths thought to be impossible — so much that it will increase China's estimated total reserve of uranium 10-fold to more than two million tonnes, according to SCMP.

If true, that would put China roughly level with Australia, which is one of the world's most uranium-rich countries."

https://interestingengineering.com/chin ... nd-uranium

The Sun rises in the East and sets in the West and one should note that most of Russia is in Asia. Roughly 77% of Russia is in the East.