Market Chatter: PetroChina, CNPC to Invest in Nuclear Fusion Technology Developer

MT Newswires Live

Jun 19

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.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1497733631.SGD","symbol_name":"Eastspring Investments - Asian Low Volatility Equity Fund ASDM SGD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2544152340","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2544152340","pubTimestamp":1750324909,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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