In an effort to strengthen energy cooperation, China’s Shanxi Coal and Chemical Industry Group has indicated interest in investing in coal-to-chemical technology in Pakistan’s southern Sindh province.
The Special Investment Facilitation Committee (SIFC) is supporting this initiative, which is a critical step in enhancing the two countries’ cooperation in the areas of energy, petrochemicals, and industrial development.
One of the biggest state-owned companies in China, Shanxi Coal and Chemical Industry Group, has made significant investments in the coal, chemical, and energy industries. Pakistan’s dedication to using its substantial coal deposits to meet electricity needs while lowering production costs is demonstrated by the proposed project.
Petroleum Minister Musadik Malik highlighted Pakistan’s abundant coal reserves during talks with representatives of a Chinese coal company, saying, “We are determined to effectively utilize our natural resources.”
