BMW and HBIS will also jointly carry out research and development of carbon capture.

By the end of June, China's installed capacity for renewable energy had exceeded 1.1 billion kilowatts.

Compared with wet quenching, Mi said the new technique has economic and environmental benefits.

Sun Guolong, general manager of Baogang Group, said carbon capture utilization and storage will play a critical and evolving role in China's energy transition.

China is a large consumer of iron ore.

Steel, magnesium and its products, and coal are among the major exported commodities.

As a large coal supply base, Xinjiang aims to achieve coal output of more than 400 million tons by 2025.

In terms of improvement in rankings, China's Ansteel Group Corp made the highest jump across 183 places to 217.