Energy Insider: China Tackles Cement Overcapacity; Hydrogen-Fueled Trucks Hit Road in Beijing

In today’s Caixin energy news wrap: State Grid acquires majority stake in Brazilian peer in latest foray into developing market; China unveils its self-developed maglev train that would be the world’s fastest; an aluminum alloy plant exploded in Henan as flooding hit.

China addresses overcapacity in glass and cement industry

China’s Ministry of Industry and Information Technology (MIIT) issued new rules to guide the cement and glass industries in replacing outdated capacity as a key step to deal with industry overcapacity and reduce pollution. The new regulation bans projects to expand capacity for cement clinker and plate glass. Any new capacity must replace old plants. Meanwhile, the rules relax restrictions on new projects for solar panel glass production. The rules take effect Aug. 1.