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Article: KAILUAN CLEAN COAL TO BUILD COAL CHEMICAL FIRM

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AsiaInfo Services
Article date:
August 10, 2009
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AsiaInfo Services
08-10-2009
Kailuan Clean Coal to Build Coal Chemical Firm

TIANJIN, Aug 10, 2009 (SinoCast Daily Business Beat via COMTEX) -- Kailuan Clean Coal Co., Ltd. (SHSE: 600997) and an affiliate of Beijing Enterprises Group Co., Ltd. lately signed an agreement to jointly set up a big coal chemical firm.

The Shanghai-listed coal producer, under the aegis of Kailuan Group, will hold a 51% stake in the new firm. After the regroup, Kailuan will form a coal chemical industrial park, measuring over 500 hectares, with 10 big coke ovens in the Jingtang Port, north China.

The park, with a coking coal production capacity of 6.1 million tons a year, will be capable of yearly processing such ...

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