"The touted investment would extend over a 20-year period, covering projects for power generation, chemical manufacturing and the underground storage of liquefied natural gas (LNG), West Virginia’s Department of Commerce said in its announcement," Reuters reports. "The deals will likely help create jobs in West Virginia and lift its economy."
The agreement is the first overseas investment for China Energy, the world's largest power company, which was recently formed from a merger of the country's largest coal producer and one of China's top five utilities.
"The agreement was the biggest among a slew of deals signed during U.S. President Donald Trump’s state visit to Beijing. The total value of the deals done during Trump’s trip could be as much as $250 billion," Reuters reports.
from The Rural Blog http://ift.tt/2zuppsY China Energy to invest $83.7 billion in W. Va. for shale gas development and chemical manufacturing - Entrepreneur Generations
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