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Article: Mongolia : CGE to develop underground coal gasification project in Mongolia.
- Article from:
- TendersInfo
- Article date:
- November 6, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: manish03
Australia-based Clean Global Energy (CGE) is forming a joint venture with Beijing Yusenjiayu Environmental Protection Technology, Inner Mongolia Gu Xin Mining and Goldbridge Clean Tech Energy to develop an underground coal gasification project in Inner Mongolia, China. The partners will invest USD400m in the venture and plan to raise funding through a public offering on the Hong Kong Stock Exchange. Synthesis gas (syngas) from the project is expected to be supplied to Inner Mongolia Sukli Oil and Gas Development.
The project will be designed and operated by CGE, which will hold a 35% controlling stake in the venture. Injection and ...