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Next Fuel, Inc. signs definitive agreement to field test coal-to-gas technology in China; Chinese partner makes strategic investment

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Next Fuel, Inc., The company also announced that persons affiliated with Future Fuel made the second part of a $2-million strategic investment in Next Fuel and now own 1 million shares of common stock, which exceeds 10% of Next Fuel’s outstanding shares, and a representative of the investor group joined the Board of Directors.

Coal 199
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GE and Shenhua open coal gasification joint venture in China

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At 14%, China holds the most coal reserves in the region, the majority of these reserves are concentrated in the provinces of Inner Mongolia, Shanxi, Shandong, Xinjiang, Qinghai, Gansu and Ningxia. China contributed 68% towards the region’s total coal production in 2011.

Coal 199