The total amount of investment will be US$125 million.

China aims to have its CO2 emissions peak before 2030 and achieve carbon neutrality before 2060.

China launched an energy revolution pilot program in Shanxi in 2019, promoting the coal-rich province to explore energy transition.

Last year, Shanxi provided 620 million tonnes of thermal coal for another 24 provincial-level regions in China, according to the provincial statistics bureau.

Its output growth rates over the past two years far exceeded that of the three leading coal-producing regions of Shanxi, Shaanxi, and Inner Mongolia.

The daily crude steel output stood at 1.93 million tonnes in early January, according to the China Iron and Steel Association.

Building such terminals is also to fulfill its commitment to carbon reduction and carbon neutrality, said Chu Bin, Party chief of the Tianjin Port Group.

Exports would recover slowly because of the global economic downturn, according to the newspaper.