IFC SIGNS US$50 MILLION CLEAN COAL DEAL WITH CHINA
August 1st, 2006
BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation (IFC) of the World Bank is pumping US$50 million into a Chinese plant converting coal into 400,000 tons-a-year of dimethyl ether (DME), a liquid fuel significantly cleaner than its hard fuel source. China's Xinao Group will use cheap coal from Inner Mongolia.
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THE INTERNATIONAL Finance Corporation (IFC) of the World Bank is pumping US$50 million into a Chinese plant converting coal into 400,000 tons-a-year of dimethyl ether (DME), a liquid fuel significantly cleaner than its hard fuel source. China's Xinao Group will use cheap coal from Inner Mongolia.
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