Coal on foreign agenda

Cheok Soh Hui; Agarwal, Anu; Kovac, Matt
December 2006
ICIS Chemical Business;12/4/2006, Vol. 1 Issue 46, p12
Trade Publication
The article reports that foreign investors in China are considering the coal-to-chemicals bandwagon and local companies are looking to expand into niche markets. ShengdaTech saw sales in the three months ended September 2006 by 10 percent. According to ShengdaTech's chairman and CEO Xiangzhi Chen, coal-based chemicals offer a solution to China's oil shortage problem. Hong Kong's Sino Biopharmaceutical plans to diversify its business by investing in a coal-to-chemicals plant in China's Shaanxi province.


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