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Exclusive Interview with Honghua Group Chairman Zhang Mi by China Energy News

soruce:manager    click:3068    time:2013-07-31

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In?March?2013,?Honghua?Group‘s?Chairman?and?President?Zhang?Mi?spoke?about?the?Group’s?strategy?and?plans?for?the development?and?extraction?of?shale?gas?during?a?media?interview.?Honghua?had?proposed?a?complete?solution?consisting?of?a?series?of?initiatives.?One?of?the?key?technologies?involves?the?use?of?power?directly?generated?by?the?extracted?shale?gas?or?gas?that?accompanies?shale?oil,?instead?of?diesel.?This?would?significantly?reduce?its?costs.?At?the?same?time?Honghua?is?adopting?a?strategy?of?a?centralized?power?supply?using?the?power?grid.?All?equipment,?from?drilling?machines?to?fracturing?pumps,?are?electrically?powered,?thus?significantly?improving?efficiency?and?the?economic?viability?of?the?energy.?In?relation?to?the?development?of?shale?gas?in?China,?the?most?important?thing?for?Honghua?is?to?rely?on?technological?innovation?and?a?steadfast?path?of?internationalization.

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