BEIJING, Nov. 3, 2009 (Xinhua News Agency) -- China Offshore Oil Corporation (CNOO C) is to cut in coal liquefaction and power cell industries to forge i ts low-carbon business, Shan Lianwen, the director of Strategic Resear ch Center of Energy Economy Research Institute under the company, has said.

Shan made the remark at the China Clean Energy (OTCBB:CCGY) International Sum mit, an industrial forum here Tuesday.

Shan said the company has the plan to use China's abundant coal resource to make natural gas, while the carbon dioxide during the coal

liquefaction process will be captured for re-cycling use, rather than

emission to the atmosphere directly.

Shan said CNOOC has moved to materialize the blueprint on clean energy business, but the whole project is subject to China's relevant authorities to assess and approve.

In the meantime, Beijing Times newspaper quoted Shan saying that

CNOOC is also planning to build 20 power cell production lines in ind ustrial hub Tianjin in North China at a cost of 5 billion yuan.

The report said CNOOC has inked an agreement with Tianjin Jinnen g Solar Cell Co., Ltd, a solar cell player, earlier in 2009 to establi sh a new energy joint venture.

Fu Chengyu, general manger of CNOOC, said in the company's inter im workshop that new energy will be part of the company's major operat ion.

CNOOC, the parent company of CNOOC Limited (NYSE:CEO) (CEO.NYSE), is China' s third largest oil and gas player and the largest offshore oil compan y.