China's Shanxi Coal and Chemical Industry Group has expressed interest in investing in coal-to-chemical technology in the southern Sindh province of Pakistan in a move to enhance energy cooperation,
This initiative, supported by the Special Investment Facilitation Committee (SIFC), marks a pivotal step in strengthening the collaboration between the two nations in energy, petrochemicals, and industrial development.
Shanxi Coal and Chemical Industry Group, one of China's largest state-owned enterprises, has made considerable investments across the coal, chemical, and energy sectors. The proposed project highlights Pakistan's commitment to utilizing its extensive coal reserves to meet energy needs while reducing production costs.
During discussions with Chinese coal firm officials, Petroleum Minister Musadik Malik emphasized Pakistan's rich coal deposits, stating, "We are determined to effectively utilize our natural resources under this initiative." Currently, Pakistan extracts approximately 7.6 million tons of coal annually from the Thar region, with plans to increase this figure to 11 million tons within three years.
This partnership not only aimed to address the country’s energy crisis but also seeks to stabilize the economy through efficient resource utilization. The government’s proactive measures, coupled with China's support, showcase a remarkable commitment to fostering sustainable development in the region.
