L R AS Published on Monday 10 May 2021 - n° 361 - Categories:miscellaneous financial
In brief: EDF-Rosatom agreement, Luoyang Glass net profit, Xinte seeks financing
In brief: EDF-Rosatom agreement, Luoyang Glass net profit, Xinte seeks financing
EDF and Russia's Rosatom have reached a
An agreement to develop green hydrogen in Russia and Europe
*
Chinese glass manufacturer Luoyang Glass reported a net profit of RMB136m ($21m) inQ1, up from RMB0.2m ($0.03m) a year earlier
Editor's note: This figures the gain from the "scarcity organisation" of solar glass in Q4 and then in early 2021.
*
TBEA-owned Xinte Energy wants to raise RMB2bn ($309m) to fund a 100,000 tonne silicon production plant it intends to start building in July, which would double its current capacity. The construction period would be 18 months