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Alternative Energy

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.

We take supplying green energy to the market as our main responsibility, make technology and business model innovation as the driving force of development and select the efficient alternative energy industries to develop in priority.

We have simultaneously implemented various biodiesel production measures. We succeeded in the trial production of biodiesel at a FAME processing facility, which has the world's highest production capacity for a single facility and a design capacity of 270,000 million tonnes per annum. Additionally, by tackling the technical issues about the key equipment, we succeeded in the first trial production of biodiesel from waste cooking oil at two biodiesel facilities, the success of which will contribute to reducing raw material cost by at least RMB 1,000 per tonne.

Our wind farm operations have scaled some new heights. As a result of our enhanced delicacy management of the four wind farms, we have managed to keep the annual availability rates of all wind turbine generators at more than 99%, and that of key equipment at more than 99.2%. Over the past year, our wind power production reached 670 million kWh, up by 26% from the previous year. Gansu Changma Phase 2 Wind Farm received the honour of A Friendly Wind Farm from Gansu Electric Power Company of SGCC (State Grid Corporation of China), thus becoming the pacesetter among the wind power companies at the 10 million kilowatt wind power base in the city of Jiuquan.

The market outlook for the battery business is good. Our subsidiary, Lishen Battery is the largest lithiumion battery manufacturer in China and the fifth ranked internationally in terms of the battery market share. It won the national new energy automobile technology innovation project and becomes one of the 141 national pilot industrial enterprises to cultivate brand. The sales and marketing network of Lishen now covers Europe, North America and Asia. Up to the end of 2012, Lishen successfully developed more than ten key technologies, including high voltage battery chemistry system, power battery cathode water solvent system technology, high ratio energy Li(NiCoMn)O2 battery chemistry system, large capacity square type mobile phone battery platform chemistry system. Lishen also developed high performance lithium iron phosphate system based battery power system and applied it in the Tianjin City Autobus Project. The first batch of 60 power batteries has been equipped in 40 electric autobuses in Tianjin for demonstration operation.

We actively promoted the SNG business. Our two key SNG projects are fully supported by both the State and the local government as demonstration projects.