Chinese scientists develop oil refining method that may cut energy use by 90% - South China Morning Post
Chinese scientists develop oil refining method that may cut energy use by 90% - South China Morning Post
Source: South China Morning Post
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DW NOTE
Chinese scientists claim a catalytic method that cuts refinery energy consumption by 90%. The Strait of Hormuz has been effectively closed for two months, global oil supply is down 6%, and crude trades at $100 with the Fed pricing in rate hikes against 5.5% producer inflation. A breakthrough in refining efficiency now would be worth more than most central bank balance sheets.