Guanghui Energy to invest $4b in Xinjiang project
Guanghui Energy Co Ltd, Based in Urumqi, Xinjiang Uygur autonomous region, will invest $4 billion in the northwestern region of Xinjiang to turn rich coal deposits there into cleaner-burning gas, the company said on Friday. The project, which will produce 4 billion cubic meters of gas a year, still needs final government approval. The project won initial approval from the National Development and Reform Commission in September. China wants to turn coal in remote areas into gas and pipe it to cities, where residential and industrial use is growing rapidly.