Chinese firm plans Bangladeshi investment

Shenzhen Huxian Group (China) is planning to invest USD 600 million in the Bangladesh energy sector, the major part of which will be in the form of setting up of a methanol synthesis manufacturing factory. The proposed factory will use natural gas or coal and process it to produce methanol synthesis which is at present imported from foreign countries. Iqbal Hussain Sharif, managing director of Impressive Trade World Ltd, the local partner of the group, said the proposed venture will be on a built-own- and-operate (BOO) or built-own-and-transfer (BOT) basis. The stations would be set up on a turn-key basis.

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