Advertisement

Overcapacity Challenges

Chapter
  • 235 Downloads

Abstract

China has invested in building and continues to invest in building out infrastructure across industrial, transport, and urban sectors. In 2013, China produced over half of the steel, cement, and flat glass in the world and is the largest country in terms of energy production and consumption. As in any developing economy, there is a risk of inefficient investment in chasing growth targets often resulting in overcapacity. For China, this has become a serious issue. There is overcapacity today in several industrial sectors such as steel, cement, chemicals and in some locations power generation. The upshot has been to create stranded and underutilised assets that are often inefficient and have locked in early generation technologies with some creating serious environmental issues. Looking to the future, the question is how China can be smarter in making industrial investments.

Keywords

Carbon Capture Load Period Total System Cost Power Generation Capacity Capacity Utilisation Rate 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

References

  1. Li Z, Pan LY, Fu F, Liu P, Ma LW, Angelo A (2014) China’s regional disparities in energy consumption: an input–output analysis. Energy 78:426–438CrossRefGoogle Scholar
  2. National Development and Reform Commission (NDRC), Beijing, 2009. http://www.gov.cn/gzdt/2009-03/06/content_1252229.htm
  3. Pan LY (2014) Dynamic modeling and embodied energy assessment of oil supply chain. Doctor dissertation, Tsinghua UniversityGoogle Scholar
  4. U.S. Energy Information Administration (EIA) Refinery utilization and capacity, http://www.eia.gov/dnav/pet/pet_pnp_unc_dcu_nus_m.htm

Copyright information

© Springer Science+Business Media Singapore 2016

Authors and Affiliations

  1. 1.Tsinghua UniversityBeijingChina
  2. 2.BP International Ltd.Sunbury-on-ThamesUK

Personalised recommendations