CHN Energy goes on shopping spree at import trade fair

sxcoal.com General 2023-11-07 10:31:57

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 6^th 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 76^th 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)
For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

Share this article

Connect with us

1 China futures market updates at close (Feb 8) 2024-02-08

Check out latest updates on the Chinese futures market for coking coal, coke, iron ore and others at close.

2 Indonesian low-CV thermal coal prices edge up as Chinese tender prices rise 2024-02-08

Indonesian low-CV thermal coal rose slightly this week despite light demand from Chinese traders who were leaving their desks for the Chinese New Year holiday. The momentum was mainly gained from a ri

3 China's coking coal mines see output, inventory fall as holiday nears 2024-02-08

Coking coal output continued falling in China's major production areas, as more mines suspended extraction for the Chinese New Year holiday break. Inventories at mines also decreased amid output contr

4 Newcastle port Jan coal exports up over 30% on yr 2024-02-08

Newcastle port, the world's largest coal port located in Australia's New South Wales, registered an obvious year-on-year increase of coal exports in January, despite falling from the previous month's

5 Weekly global coal market news summary (Feb 4-8) 2024-02-08

Newcastle coal prices fall after two-day rally as supply outlook weighsNewcastle thermal coal futures slipped on February 6, pulling back from a two-session gain, as higher projected output from major

6 Weekly China coal market news summary (Feb 4-8) 2024-02-08

Summary: coke & steel-related initiatives in major Chinese provinces' 2024 work plansChina's major provinces and regions have recently released their government work reports, reflecting on their achie

7 China's PPI, CPI drops abate in Jan, yet economic concerns persist 2024-02-08

China's producer price index (PPI), gauging the cost of goods at the factory gate, fell 2.5% year on year in January, compared with a 2.7% decrease a month ago, official data showed on February 8.On a

8 Russian coal exports to SE, S Asia surge in 2023, Kpler 2024-02-08

Exports of Russian coal to Southeast and South Asian countries soared in 2023 after supplies to the EU were banned due to the Russia-Ukraine conflict, according to data from the cargo-tracking firm Kp

9 China Coal Daily Track (Feb 8) 2024-02-08

Thermal coalProduction area Most private mines in main producing regions have suspended operations for the Chinese New Year holiday, while those state-owned mines were still dedicated to term contract

10 Australia Jan coal exports down 13.58% on mth, Kpler 2024-02-08

Coal exports from Australia decreased 13.58% month on month to 29.06 million tonnes in January, which was still 5.72% higher than the year-ago level, according to cargo tracking data from Kpler.Japan