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Articles for tag: buy, Coal, coal mine, HUBCO, Latest, stake, talks, Thar

January 17, 2024

News Desk

Hubco is in talks to buy a stake in the Thar coal mine

KARACHI: Hub Power Company (Hubco) has begun talks to acquire a stake in the country’s top coal-rich mine, which supplies black gold to power power plants, believing the acquisition will prove financially beneficial. Besides, Kot Addu Power Company (Kapco) is attempting to acquire a 49.5 megawatt wind power project located in Sindh, diversifying its operations by embracing clean energy. Hubco said in a filing to the Pakistan Stock Exchange (PSX) on Tuesday that “the board of directors of Hub Power has authorized the company to enter into negotiations and execute definitive agreements for the proposed acquisition of shares of Sindh

January 8, 2024

News Desk

China is moving towards producing protein from carbon

CONSTANTINOPLE: Amid food safety concerns, Chinese scientists have developed a method to create protein using coal-derived methanol, a study has revealed. Chinese scientists used about 20,000 yeast samples collected from vineyards, forests and swamps across the country to come up with a successful alternative to meet demand for animal feed, and the process has begun on an industrial scale, the South China Morning Post daily reported. . on Monday. The world’s second-largest economy depends heavily on imports of tens of hundreds of tons of soybeans needed for animal feed. “Coal, with a global reserve of about 1.07 trillion tons, can

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