Energy News

China to buy products from new German coal technology

Nov 27, 2006, 15:44 GMT

Frankfurt - German mechanical engineering group Lurgi said Monday it had secured orders totalling 100 million euros (131 million dollars) for its new technology, which produces synthetic materials from coal.

Lurgi saw the contracts, as a breakthrough in the deployment of the new technology, which cost about one billion euros to develop.

Total orders for the new technology this year are expected to total more than 1.3 billion euros.

'We expect a significant increase in earnings before tax next year', said Lurgi chief Klaus Moll announcing the orders for China.