Energy Corporations in China

Pacific Asia Energy Corporations CBM Contracts in China

The first Canadian publicly traded company awarded a Production Sharing Contract was Pacific Asia China Energy Inc. (PACE), which holds the PSC through its wholly owned subsidiary, Asia Canada Energy Corp. Pacific Asia China Energy, which trades on Toronto’s Venture Exchange under the ticker symbol of PCE, also holds a second PSC through another wholly owned subsidiary China Canada Energy Corporation. It was the former, which interested us, the company’s Guizhou Project in southern China.

In talking with Dr. David Marchioni, one of Canada’s leading CBM geologists, he said of CUCBM, the Chinese government doesn’t want to hand out resources to people who don’t do anything with them. They want them developed. They want to have gas. They want to have energy Dr. Marchioni helped co-author an Assessment of Coalbed Methane Exploration Projects in Canada published by the Geological Survey of Canada. He is also president of Petro-Logic Services in Calgary, whose clients have included the Canadian divisions of Apache, BP, BHP, Burlington, Devon, El Paso Energy, and Phillips Petroleum, among others. He is also a director of Pacific Asia China Energy and is overseeing the company’s CBM exploration program in China.

But what is the strategy here? If Alberta is now turning the corner and putting itself on the map as a serious CBM contender, why would one of Canada’s top CBM geologists get excited and pursue a property in southern China. We got access to a huge resource for little money said Dr. Marchioni. Instead of paying hundreds of millions for a concession this size, we paid a small fraction of that. Comparably, the project at Guizhou would have cost up to $200 million to acquire in Alberta

China needs to attract foreign capital, and may be generous up front, but did PACE buy a pig in the poke? We questioned him about the potential size of the resource. Marchioni responded, the layman may think those are really big numbers, but you only have to look at the official reports. These are the numbers those guys think He was referring to the Sproule assessment of the resource, which offered a three-case scenario, starting at nearly 1 billion cubic feet and reaching the upper limit of more than 11 trillion cubic feet. Still, their assessment for a most likely scenario was a hefty 5.2 trillion cubic feet.  Marchioni added, they were numbers we originally thought we had, and they’ve been confirmed

How big is big in this case? I think we could fully support some large plant of some sort Marchioni explained. This is more of a long-term thing where you would be looking at a major industrial development. You’d be looking to either have enough money yourself or you bring in partners to do things like liquefied natural gas or major gas-fired power station, liquefaction of coal.

Marchioni was quite excited about the CBM project in Guizhou, these are all big projects, but the resource is there to support such a project. Because the resource is so huge, you could support a project like that. There also are a lot of potential industrial users for gas in the region. China Daily reported South China, where the Guizhou province is located, is facing gas shortage problems because of the high-energy demands of Guangdong province.

And what does PACE bring to the Chinese? Hopefully, they’ll have an operating CBM project or two contributing clean burning fuel to their energy mix, which is really what they want, answered Marchioni. We also bring access to outside technology from places that are producing CBM.

China Coal Methane Gas Development

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A Curious Tale About Solar Panels

THE SEPTEMBER 2006 ISSUE OF SCIENTIFIC AMERICAN was dedicated to exploring the future of energy beyond the carbon era.  The editors share a sobering outlook: 'Decades may pass before hydrogen-powered trucks and cars relegate gasoline-and diesel-fueled vehicles to antique auto shows.'  Until that happens, weíll 'muddle-through' somehow. (Scientific American: 3)

But why does it take so long for some energy technologies to get from the lab and industrial applications to the service of consumers? Take solar panels, for example.

A high-street electronics chain in London now sells educational solar-power kits for around the £20 mark.  Serious, roof-dwelling solar panels that will power equipment in your home sell in DIY superstores at around £2,500. Thatís a price-tag for the wealthy or very committed, but at least consumers can push their trolleys past the technology

SOLAR PANELS HAVE ONLY RECENTLY APPEARED on the shelves of retail outlets, so you'd forgive them for posing as new technology.  But they're not. While England was priming itself for what was to become its most famous World Cup, a contributor to the July 1966 edition of Wireless World faced a copy deadline for the magazine. His name was D. Bollen, and he provided a circuit for a solar-powered battery charger.

As he put it: 'The ability of solar cells to convert sunlight directly into useful electrical energy has been well demonstrated in satellite applications. An advantage of the solar battery is that is allows true, unattended operation in locations remote from a power supply andÖpromises an outstanding degree of reliability.í (Wireless World: 343)

Over four meticulously-illustrated pages, Bollen goes on to provide a blueprint for a circuit that will trickle-charge a battery from a solar cell.  Bollen shows that you can run something that uses one milliamp of current for '2.74 hours' in a 24 hour period. He leaves us guessing what application he had in mind for this tiny current, but the rig could also have powered the bulb of a toy torch for a few seconds a day.

Still, the circuit is there and the date is mid-1966. Donít be distracted by Bollenís talk of ësatellite applicationsí. His circuit is a million miles from rocket-science ñ in fact itís the simplest of the bunch in this edition of a magazine that was pitched at everyone between novice constructor and electronics professional.

Someone with barely any experience could have thrown a demonstration version of this circuit together in fifteen minutes flat. And all the parts were available from specialist suppliers in London and south-east England.

The listed supplier for 'assorted selenium and silicon cells'   is International Rectifier. I contacted the company to find out how much a similar solar-cell cost at the time Bollen wrote his feature.

A single cell measuring about a centimetre by two centimetres cost four dollars, right up to 1966.  In his feature, Bollen describes various combinations between one cell and four, so the most expensive part of his circuit cost between four and 16 dollars, or about $25-100 dollars in today's money.
World's first solar-powered car: 1912

But what came back from International Rectifier (IR) proved far more interesting than price information. It turns out that the company had demonstrated the world's first solar-powered car - a 1912 model of the Baker Electric - as early as 1958. They achieved the stunt by making a high-output solar panel - less than two metres long and just over a metre wide - from a whole bank of little solar cells.

Commercial, industrial and military customers went on to buy solar panels from International Rectifier.

SO WHY HAS IT TAKEN ALMOST FIFTY YEARS for solar panels to reach our shops?

Southface, a non-profit, sustainable-living organisation based in the USA, point out that solar-cell technology has had been uselessly competing against the relative fall in price that occurred in the fossil-fuel market in the nineties.

But Southface believe that major orders of consumer solar cell units in countries such as Japan may finally signal the start of an era when solar cell production will benefit from economies of scale.

I hope so. In the meantime, it's anyone's guess how long will it take for the consumer-led technology revolution to swat our energy problems.

Solar Panels Pvs At Work