China Shenhua Sets Up Inner Mongolia Coal Research Institute with RMB1 Billion Capital
Recently, Guoneng (Inner Mongolia) Coal Technology Research Institute Co. , Ltd. was established in Inner Mongolia with registered capital of RMB1 billion.
The company's business scope includes engineering and technology research and experimental development, planning and design management, as well as research and development of carbon emission reduction, carbon conversion, carbon capture and carbon storage technologies.
Equity information shows that the company is wholly owned by China Shenhua.
Why this event matters
The event has a measured impact on 1 industry. The strongest current signal is mixed for Coal, with intensity 20/100 and 70% confidence over a medium term horizon.
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.