Chinese Miner to Build Facility to Turn Coal Into Petroleum Products ...Middle East

China’s biggest coal mining company will invest some $24 billion in the construction of a facility for the conversion of coal into petroleum products in a bid to reduce an expected excess in the supply of the energy commodity. According to a Bloomberg report, the facility, set to start operations in 2027, would be powered by wind and solar energy. China is the world’s biggest coal producer and is seeking new ways to utilize the commodity, whose output hit an all-time high of 4.7 billion tons in 2023. Coal-to-petrochemicals is one way…

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