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Sinopec establishes coal-to-chemical unit

Green Car Congress

The group planned to build six coal-to-chemical bases across the country from 2011 to 2015, with the bases spreading in Inner Mongolia Autonomous Region, Xinjiang Autonomous Region, Guizhou Province, Anhui Province, Henan Province and Ningxia Autonomous Region, each.

Coal 231
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Saab Automobile enters agreement with Hawtai Motor Group on strategic partnership

Green Car Congress

The remaining €30 million will be in the form of a convertible loan agreement in the amount of €30 million with a 6-month maturity, an interest rate of 7% per annum and a conversion price of €4.88 Hawtai currently has an annual production capacity of 350,000 vehicles, 300,000 diesel engines and 450,000 automatic transmissions.