Sinoreco Resources Limited, as GXED’s overseas trader based in Hong Kong. We are responsible for purchasing LNG and LPG for GXED and dealing international trade of fuels and minerals of steel-making. Meanwhile, we are also engaged in the business related to petro-chemicals and coking by-products.
As an exclusive civil gas supplier in Shanxi province, Shanxi Natural Gas Co.,Ltd, one of GXED’s subsidiaries, has constructed pipelines with total length that over 20,000 kilo-meters for benefiting 8.5 million civil users and 300 LNG stations with 150,000 LNG tankers for serving 2.5 million industrial customers. The current annual gas consumption is 10 billion cube-meters, including 3.9 million-ton LNG. In contrast, the gasification coverage rate in Shanxi province is only about 50%. Developing infrastructure to increase the rate in next a few years is one of GXED’s targets. Sinoreco is the representative of GXED in overseas and helping GXED to achieve the aim of full gasification coverage within Shanxi province via the channel from different sources overseas.
Besides clean energy trade, Iron ore and metallurgical coke trading is the traditional business of Sinoreco. We invested Golden Rock coking-chemical plant in Shanxi province, which produces 5 million tons dry-quenching coke and its related by-product chemicals as well as fine chemicals. Our yearly trade for metallurgical coke and iron ore is more than a million ton for each respectively. In addition, Sinoreco is branching out into petro-chemicals and coking-chemical basis on relativity to our major business.
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As an enegry trading company with diversification, we care about the environment and think ourself have the responsibility to protect it. Sinoreco is willing and aiming to shape the structure of future energy usage, providing cleaner energy source like LNG to users and shifting the era of traditional energy source into the time of LNG.
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