CNOOC New Energy Investment Co., Ltd.
CNOOC New Energy Investment Co., Ltd., a wholly owned subsidiary of CNOOC, was founded in 2007 with a registered capital of RMB 80 million. Its business mainly covers the exploration and utilization of renewable and clean energies including wind power, coal-based clean energy, biomass energy and li-ion power battery.
Coping with energy and environmental challenges, promoting sustainable economic development, anddeveloping strategic emerging businesses are the inevitable responsibilities of a mega government owned corporation. The Company pays close attention to the investment trends of internationaloil companies in the field of alternative energy and optimally selects those alternative energies with high relevance to our main businesses as well as economic viability and scale advantages for development.
Currently, we possess 400,000 kilowatts of installed wind power capacity. The availability of wind power equipment in all power plants is steadily above 97%, higher than the industry average level. The annual newly developed wind power resource reached 1.5 million kilowatts, contributing to the accumulated reserves of 15 million kilowatts and generating on-grid power of 530 million kWh. The Dongfang Sigeng wind power project (Hainan) and Changma wind power project (Yumen, Gansu) passed the United Nations Clean Development Mechanism (CDM), and it is estimated to receive total emission reduction quota of 620,000 tons, bringing potential annual profit of emission reduction to 25 million RMB as maximum.
We actively expanded our domestic and global channels for raw material supply and adjusted theproduction plan according to the volume of sales with profitability at the focus. The CNOOC Biolux Company and Hainan Biomass Energy and Chemicals Company that are currently launched in operation, produced a combined total of 189,200 tons of biological oil fuels in 2011.
We are committed to the efficient and clean conversion utilisation of traditional coals. Whiledeveloping coal-based clean energy by taking advantage of domestic coal resources, actively developing SNG and distributed energy source from gas, raising efficiency of coal utilisation, we gradually explored overseas coal resources to ensure national energy security. The Company acquired exploration rights to a total of 8.29 billion tons of coal and 14 billion tons of resourcespre-allocated by the government, which safeguarded resources for projects of synthetic natural gas (SNG) from coal. The overall arrangement of the five SNG bases will be completed at the early stage of the 12th Five-Year Plan. The company will assist actively the relevant national authorities to prepare the plan for coal intensive processing model projects and will undertake the task ofpreparing the product quality standards for SNG.
The Lithium battery business segment of the Company leaped to Top 5 in global lithium industry. Annual production of various types of batteries amounted to 174 million, an increase of 27% overthe same period last year. As the leader company of the Battery Committee in the Electric VehicleIndustry Federation of State-owned Enterprises, the Company undertook six projects to develop power battery system for motor vehicles and eleven technology research and development projects,and won financial support worth over 100 million RMB. The successful development of polymer li-iontechnology enabled CNOOC to become a major supplier for Apple, Dell and HP.