China’s Xintong Group to build coal-base gas plant in 2013
31 August 2012 09:08 [Source: ICIS news]
SINGAPORE (ICIS)--?xml:namespace>China’s Xintong Group (Inner Mongolia) plans to start building a 2bn cubic metre/year coal-based gas plant at Ordos in Inner Mongolia in April 2013, a company source said on Friday.
The company on 8 August signed a contract with ENN, one of China’s major distributors of city gas, to jointly build the yuan (CNY) 12bn ($1.9bn) project, the source said.
Xintong Group will hold a 60% controlling stake in the project, according to the source.
Feedstock coal for the project is expected to be supplied from the Dongsheng coal field, and water will be delivered from the Yellow River, according to a local government official.
Natural gas output may be distributed through Sinopec’s planned pipelines for the transport of coal-based gas, the official added.
Xintong Group (Inner Mongolia) is a private enterprise engaged in various businesses including energy, real estate, banking, investment, construction, commerce and trade.
($1 = CNY6.35)By: Jane Han
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