Apollo Solar Energy announced that it has established a subsidiary in Anhui province, China for new application of Tellurium (Te) materials in thermal energy production.
The company is mainly engaged in mining, refining and production of high purity tellurium, tellurium-based compounds and various other metals for the thin film solar PV industry and particular segments of the global electronic materials market.
The subsidiary will support the development of a tellurium-enhanced thermal energy system at one of the China’s major oil fields, Shengli Oil Field. The field, which is owned by SINOPEC, produces nearly 650,000 barrels per day. It includes over 100 transportation stations that are powered by thermal exchange systems.
The company’s research and development team, along with thermal control experts in China, has fabricated a new tellurium material for application in thermal exchange systems employed at oil transportation stations. The company expects that the use of tellurium-based thermal energy system in each station will decrease the Shengli Oil Field’s overall annual energy costs by approximately 40%.
Apollo Solar Energy’s CEO, Dr. Jingong Pan stated that the company focuses on developing new materials and entering new market segments to boost profit margins and revenue. The company’s materials and technology employed in China’s major oil fields offers a great opportunity to boost its profits.
Source: http://www.scasolar.com/