Manufacturing Industry
Petrochina and SFA sign agreement.(NEWSDESK: Agreement)(State Forestry Administration, PetroChina Company Ltd.)(Brief article)
China Chemical Reporter, January, 2007
On January 11th, 2007 PetroChina Company Limited (PetroChina, SEHK stock code 0857; NYSE symbol PTR) announces that it has entered into a Framework Agreement with the State Forestry Administration (SFA), on the development of forest bio-fuel. Under the agreement, both parties will officially start to construct the first batch of tree breeding bases for bio-fuel in Yunnan province and Sichuan province.
As an essential part of China's alternate energy strategy, the development of bio-fuel based forest offers a potential in the energy resources and enjoys the sustainable growth of economy and protection of ecological environment. PetroChina and the SFA will work hand in hand in the cultivation and development of forest bio-fuel resources, and contribute to...
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