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China's first coal-to-gas plant seen mid-'06 -Shell
MANILA, Nov 30 (Reuters) - Royal Dutch/Shell will finish building its pioneering coal gasification plant in southern China by the middle of next year, the first of its kind in Asia, a senior Shell executive said on Wednesday.
The plant in Dongting, a 50/50 joint-venture between Shell and Asia's top refiner Sinopec Corp. , will convert 2,000 tonnes per day of coal into synthetic natural gas to be used by Sinopec as a feedstock for fertiliser, replacing naphtha.
Warburg, CITIC Capital Markets each buy 22.5 stake in China's Harbin Pharma
BEIJING (AFX) - Warburg Pincus and CITIC Capital Markets Holdings have each bought a 22.5 pct stake in Harbin Pharmaceutical Group Holding Co Ltd, the parent of Harbin Pharmaceutical Group Co Ltd (SHA 600664).
Harbin Pharmaceutical makes more than 700 products, including antibiotics, one of the more lucrative sectors of China's pharmaceutical industry because they carry a high price tag for consumers but are relatively cheap to produce.
Sinopec calls for fuel pricing reforms, fuel consumption tax
BEIJING (AFX) - China Petroleum & Chemical Corp (Sinopec) (SHA 600028; HK 0386; NYSE SNP) called on the government to raise fuel prices to international levels and impose a fuel consumption tax.
Wang Gongli, president of PetroChina's Planning and Engineering Institute, told the summit that the wholesale gas price in the United States was around 5.5 US cents per cubic feet last year, while in China it was less than 0.028 yuan (0.35 US cents) per cubic feet.
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