China Co school playground al Energy, Inner Mongolia Yuan Xing Energy plan plants
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China Coal Energy, Inner Mongolia Yuan Xing Energy plan plantsPublished: 28 Jul 2009 20:50:26 PST

Top 5 News From ChinaKnowledge.comBYD aims to sell 700,000 vehicles in 2010Chinese stocks open 0.53% lower on WedIKEA to set up Asian flagship store in BeijingDHL opens domestic transportation hub in WuhanCitibank China approved to open branch in Chongqing Jul. 29, 2009 (China Knowledge) - China Coal Energy Co Ltd<601898><1898>, a subsidiary of state-owned China National Coal Group Corp, on Jul. 27 announced that it intends to team up with Inner Mongolia Yuan Xing Energy Co<000683> to set up a methanol plant in Inner Mongolia Autonomous Region, China, sources reported.

The plant will produce 600,000 tons of methanols a year, said China Coal Energy, without elaborating.

In addition, China Coal Energy and Inner Mongolia Yuan Xing Energy plan to start a coal project with annual output of 5 million tons in Inner Mongolia.

China Knowledge reported earlier that China Coal Energy saw coal output increase 5.4% year on year to 52.67 million tons in the first half of this year. In the same period, the firm's coal sales volume increased 4.2% year on year in the domestic market hitting 38.62 million tons, of which steaming coal accounted for 37.63 million tons and coke accounted for 990,000 tons.



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