Guangzhou, Guangdong -- (SBWIRE) --06/09/2011 -- In recent days, vice president Hu Wenrui in CNPC said on one international forum that CNPC will invest 10 billion Yuan(RMB 10 billion) in new energy development in 2020. CNPC will combine its advantages and reinforce exploitation in new energy in Hydraulic oil, oil gas, coal bed gas, ethanol fuel, biodiesel and geothermal resources area.

Currently, the exploitation of CBM oil begins to take shape. CNPC owns the development right of three trillion cubic meters of coal bed gas and three international patents. Moreover, it founded the most advanced lab for CMM R&D.

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