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Business
Chinese Firm Sours On Coal Chemicals
by Jean-François Tremblay
July 14, 2014
| A version of this story appeared in
Volume 92, Issue 28
The Chinese utility Datang International Power Generation is divesting its unprofitable coal-to-chemicals business. The company says it will transfer the business to China Reform Corp., a state-owned company that helps Chinese government firms restructure their operations. Datang reportedly invested heavily in the coal-to-chemicals business under pressure from the Chinese government. The assets to be transferred include plants in Inner Mongolia and Liaoning that produce polypropylene, fertilizers, and fuels.
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