PetroChina (HKG:0857, SHA:601857), including parent China National Petroleum Corp., and its CNPC Capital investment unit will invest 3.3 billion yuan in a nuclear fusion technology developer through a joint venture, Yicai Global reported.
The three companies will invest the amount into CNPC Kunlun Capital, and will funnel the investment to Fusion New Energy Anhui for use in nuclear fusion tech projects, the report said.
CNPC will contribute 1.7 billion yuan, while PetroChina will pour in 950 million yuan, and CNPC Capital will shoulder the remainder, Yicai said.
CNPC Kunlun holds a 20% stake in Fusion New Energy, Yicai reported.
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