SinoCoking Coal to change name, reflecting new emphasis on clean energy

|About: SinoCoking Coal and Coke Ch... (SCOK)|By:, SA News Editor

SinoCoking Coal and Coke Chemical (SCOK +20.4%) is surging after announcing it would shift its focus to large-scale production of clean energy, such as clean-burning synthetic gas.

SCOK says it is building a green facility to convert carbon dioxide into synthetic gas, which should become operational in Q4 and would produce as much as 25K cubic meters of syngas/hour, which would rank it among the highest outputs in China.

To reflect the change, SCOK plans to change its name to Clean Synthetic Technologies with a corresponding Nasdaq ticker change.