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


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.

Comments (4)
  • Chris DeMuth Jr.
    , contributor
    Comments (9957) | Send Message
     
    So silly... http://bit.ly/U4APx3
    14 Jul 2014, 12:57 PM Reply Like
  • wyostocks
    , contributor
    Comments (9111) | Send Message
     
    No bubble here.
    14 Jul 2014, 01:11 PM Reply Like
  • TBirdman
    , contributor
    Comments (91) | Send Message
     
    I am saddened by the name change...
    14 Jul 2014, 03:26 PM Reply Like
  • Ribre
    , contributor
    Comments (2) | Send Message
     
    The name change seems to fit the company's new direction well. If they can really sell syngas at 45 to 50 percent margins, they'll be in exceedingly good shape.
    14 Jul 2014, 06:53 PM Reply Like
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