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Gold/Mining/Energy : Gasification Technologies -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (1168)	2/21/2008 11:29:31 AM
From: Dennis Roth	Respond to of 1740

GE Signs Its 32nd Gasification Technology Licensing Agreement In China WEBWIRE – Wednesday, February 20, 2008 webwire.com GE Energy’s gasification technology has been selected for a coal-to-chemical production facility in Tongzi County, Guizhou Province, People’s Republic of China, marking GE’s 32nd gasification licensing agreement in the country. Guizhou Jinchi Chemical Company, Ltd., will use GE’s gasification technology to produce syngas, which in turn will be used to produce chemicals at the Tongzi project site. "Companies across China are looking for cost effective ways to manufacture products from available local resources" said John Lavelle, general manager of GE Energy’s gasification business. "We’re pleased that Guizhou Jinchi has selected GE’s proven gasification technology to produce chemicals from local coal" Of the 32 projects in China that have been licensed for GE gasification technology since the mid-1970s, 23 are in commercial operation today. More than 90% of the gasification equipment for these projects is fabricated locally in China.

To: Dennis Roth who wrote (1168)	3/13/2008 7:20:27 AM
From: Dennis Roth	Respond to of 1740

China's Sinopec to expand coal-to-chemical business amid high oil prices Thursday, March 13, 2008; Posted: 01:43 AM tradingmarkets.com BEIJING, Mar 13, 2008 (XFN-ASIA via COMTEX) -- SNP \| news \| PowerRating \| PR Charts -- China Petroleum & Chemical Corp (Sinopec), Asia's top refiner, plans to expand its coal-to-chemical business amid surging oil prices, a senior executive said. Wang Tianpu, Sinopec's president, said at a recent internal meeting that the company will develop key technology for three coal-based facilities this year and actively expand coal-to-chemicals, according to a group-owned publication, China PetroChemical News. Sinopec has been under margin pressure as crude costs rise while domestic retail prices remain regulated. Yesterday, light, sweet crude for April delivery rose 1.17 usd to a record 109.92 usd a barrel on the New York Mercantile Exchange after earlier rising to a new intraday record of 110.20 usd. (1 usd = 7.1 yuan) kelly.zang@xfn.com