China Energy Investment Corporation, more commonly known as CHN Energy, has signed purchase agreements worth a record high of $2.64 billion at China's import trade fair this week, as it strives to enhance energy supply chain resilience.
The company signed deals at the 6th China International Import Expo (CIIE) to buy high-quality coal, advanced equipment and parts, and technical services from 44 companies in 20 countries/regions including Mongolia, Switzerland, Indonesia, the U.S. and Germany.
The value and categories of the purchases have both hit record highs, it added, without giving comparative figures. However, the company has participated in the CIIE for six consecutive years, with the accumulated purchases reaching $9.8 billion.
The company is focused on boosting competitiveness in coal safety and "greenness", efficient and stable coal power, large-scale renewables, coordinated and integrated logistics system, modern coal chemicals and carbon capture.
CHN Energy is the world's largest producer of coal, coal-fired power, wind power and coal-to-oil products by capacity. In 2023, it ranked 76th among the Fortune Global 500.
CHN Energy has 14 overseas projects in 10 countries, including South Africa, Greece, Indonesia, Australia and Germany, spanning the fields of coal production, power generation, engineering and technological research and development.
The ongoing CIIE is set to end on November 10.
(Writing by Alex Guo Editing by Emma Yang)
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