Mubadala Industry, a business unit of Mubadala Development Co., and Zhenjiang Coking Gas Group Co. subsidiary Jiangsu Surun High Carbon Co. (Surun) are developing a calcined petroleum coke (CPC) production facility in Zhenjiang, China. The $150 million plant will supply material for the United Arab Emirates’ aluminum smelting industry, adds The National.
The joint venture, Jiangsu Suyadi Tancai Co., is 51 percent-owned by the Chinese partner and 49 percent-owned by Mubadala. Zhenjiang Coking Gas is the largest producer of high-quality carbon materials in China, Mubadala is an investment and development company owned by the Abu Dhabi government and Surun is a leading producer of calcined petroleum coke in China.
Click here for the release from Mubadala.
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