Guiding the World Metal Market
  • Met. Coke A 13%max, S 0.7%max EXW Shanxiup(155)  10-20|Met. Coke A 13%max, S 0.7%max EXW Hebeiup(110)  10-20|Met. Coke A 13%max, S 0.7%max EXW Shandongup(110)  10-20|Zinc Conc. TC 50%min CIF Chinaup(5)  10-20|Spodumene Li2O 6%min CIF Chinaup(25)  10-20|LNCMO 523 PC Delivered Chinaup(4)  10-20|Cobalt Metal 99.8%min In warehouse Rotterdamup(0.6)  10-20|Lithium Cobaltate Co 60%min Delivered Chinaup(9)  10-20|NCM 613 Delivered Chinaup(2300)  10-20|Cobalt Carbonate 46%min Delivered Chinaup(5000)  10-20|NCM 523 Delivered Chinaup(2400)  10-20|Cobalt Chloride 24%min Delivered Chinaup(2800)  10-20|Cobalt Metal 99.8%min Delivered Chinaup(11)  10-20|Cobalt Sulfate 20.5%min Delivered Chinaup(2400)  10-20
    •

    Mitsubishi pulls out of Vinh Tan 3 coal project in Vietnam

    2021-03-01 11:05:58   [Print]
    Mitsubishi Corp has decided to pull out of the Vinh Tan 3 power plant in Vietnam, two sources disclosed, as it shifts away from carbon intensive businesses in the face of climate change.

    Mitsubishi's move to exit the estimated $2 billion project shows how willing Japanese companies and financiers are to drop their once-strong support for coal amid pressure from shareholders and activists.

    The Japanese trading house will pull out of the 2-gigawatt Vinh Tan 3 project, located in the southern province of Binh Thuan, because of climate targets, the sources said.

    The Japanese trading house also has a stake in the Vung Ang 2 coal station being built in the central province of Ha Tinh.

    Mitsubishi is a sponsor of the project through a joint venture with Hong Kong's CLP Holdings where they have a 49% stake. Electricity of Vietnam Group has a 29% stake with Thai Bin Duong Group holding the remainder.Asian Metal CopyrightMitsubishi Corp has decided to pull out of the Vinh Tan 3 power plant in Vietnam, two sources disclosed, as it shifts away from carbon intensive businesses in the face of climate change.Asian Metal Copyright Operations were due to start around 2024.

    .Asian Metal Copyright Mitsubishi's move to exit the estimated $2 billion project shows how willing Japanese companies and financiers are to drop their once-strong support for coal amid pressure from shareholders and activistsAsian Metal Copyright
    Coal NewsCoal PricesCoal StatisticsCoal ReportsCoal BuyersCoal Sellers
      Copyright © Asian Metal Ltd All rights reserved.
    WeChat
    Tel