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Article: China CBM pumps $293 mln into methane extraction.
- Article from:
- China Business News
- Article date:
- November 3, 2009
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China CBM pumps $293 mln into methane extraction
Shanghai. November 3. INTERFAX-CHINA - China United Coalbed Methane Co.
Ltd. (China CBM) invested RMB 2 billion ($292.83 million) this year in developing the country's large coalbed methane (CBM) reserves, state media reported on Nov. 3.
China CBM Chairman Sun Maoyuan said at an industry forum on Nov. 2 that investing in CBM extraction technology is paramount to the clean development of China's coal resources, and the company's investment budget in 2010 will exceed that of this year, Shanghai Securities News reported.
In 1996, China National Coal Group Corp. (ChinaCoal) and China ...