Research Center Established in Shanghai for Coal Liquefaction

摘要

China has set up its first coal liquefaction research centre in Shanghai, a strategic move to safeguard the nation's increasing oil supply shortage. Three energy and industrial companies, Shenhua Group, Shanghai Huayuan Group and Shanghai Electric Group, jointly invested more than 100 million yuan (US$12 million) in the centre. Shenhua, one of the nation's largest coal companies, has taken an 80 percent stake in the research centre. Local industrial companies Shanghai Huayuan Group and Shanghai Electric Group have taken 10 percent each.