Datang Corporation will Invest $3 Billion in Liaoning Province in Coal-Related Projects

---

Researched by Industrial Info Resources (Sugar Land, Texas) -- China Datang Corporation signed a contract with the Tieling Municipal Government and related parties earlier this month after nine months of intense negotiation. The contract covers the investment of $3 billion in an integrated energy project in the city.

China Datang Corporation (Beijing, China) will invest $2.4 billion in a 1.8 million-ton per year methanol plant and a 600,000-ton per year polypropylene plant, $236.8 million in a 5 million-ton coal production and processing facility in Kangbei Coalfield, and $368.4 million in a gangue power plant with two 300 MW generators. Datang will also invest $65.8 million to build a wind power project in Kaiyuan City, Tieling's neighbor city to the northeast, to ensure Datang's priority in developing wind power in Kaiyuan.

China Datang Corporation is the parent company of Datang International Power Generation Company, Limited (Beijing, China). Liaoning Energy Investment (Group) Company, Limited (Shenyang City, Liaoning Province) will cooperate with Datang in the gangue power plant item, which is located in Diaobingshan, a small place to the northwest of Tieling proper.

Liaoning Energy Investment is the principal investor and manager administering the state-owned assets of Liaoning Province. It invests provincial electric power construction and manages provincial power assets. Tiefa Coal Industry Group Corporation, Limited (Diaobingshan, Liaoning Province) and Datang will cooperate in the Kangbei coal production and processing item.

Tiefa Coal is managing a gross coal-bearing area of 618.43 square kilometers, where the mining area is composed of Kangbei, Tiefa and Kangping coalfields, with demonstrated coal reserves of 22.59 billion tons, accounting for 1/3 of the total coal reserves of Liaoning Province. Ranks of coal are mainly classified as long flame coal. The coal is characterized by low sulphur content and low phosphorus, and is high-quality fuel coal for industry. And the demonstrated coal bed methane reserves in this mining area are 29.3 billion cubic meters.

Industrial Info Resources (IIR) provides marketing communication services ranging from industrial database solutions to market forecasting, custom analytics, and specialty promotions that support high-level image campaigns.