The Xinao Group, a leading private energy concern in China, utilizes a new production process that converts coal into dimethyl ether (DME), a clean liquid fuel. The fuel can be used in households to replace coal or replace diesel and liquid petroleum gas as a fuel for many uses such as transportation and power generation. Xinao was new to the DME sector and sought International Finance Corporation's (IFC's) advice and funding as it began work on its...
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