Global Offset Experts:America’s Alco and China Power to work on $7.5 bln of clean energy projects.

Jan. 19, 2011 - PRLog -- Global Offset Experts has been informed that the two firms intend developing wind and solar energy projects and state of the art aluminum smelting plants in China in the next few years and the companies say that they may also look at opportunities to collaborate outside of China.

China, the globes top polluter, hopes to have a 15% non-fossil fuel contribution to its energy requirements by 2020. Currently, the Far East nations incentives to encourage low- carbon power generation such as wind and solar almost triple those of the U.S., according to data released by the Climate Institute.

“It’s very difficult for China to buy state of the art technology from the U.S., as there are many restrictions, but clean energy is an area where both U.S. and China love to cooperate,”  Owen Liang, a Shenzhen-based analyst told Global Offset Expert sources recently. “The question is why Alcoa? One reason could be China wants to promote the use of clean energy in aluminum smelting to reduce pollution, and improve the efficiency of power utilization to save energy.”

China is currently the globe’s largest consumer of aluminum, used in the manufacture of beverage cans and window frames.


Global Offset Experts has learned from a telephonic statement by Alcoa spokesperson Mike Belwood that the two firms have not yet decided on specific projects and the precise amount that they will spend on the ventures that they select.

Global aluminum demand is expected to rise by around 8% in 2011, with Chinese consumption increasing by about 12% according to United Co. Rusal, the world’s largest producer of aluminum

According to sources in Beijing known to Global Offset Experts, aluminum smelters in China have shut down 1.6 million metric tonnes of production capacity since July 2010 as a result of power restrictions, of which 1.2 million tons is expected to come back on line in the first six month of this year.

China power intends increasing production of renewable energy to 40% of its total electricity generated in 2015 from its current 30%, the firm’s president Lu Qizhou informed Global Offset Experts late last year.

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