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New breakthrough in coal-to-oil core technology
www.chinanews.cn 2005-01-24 17:39:10
Chinanews, Jan. 23 - When Shenhua Group, the first enterprise to
experiment with turning coal to oil, claimed early this month it achieved
a new breakthrough in this experiment, the country took a significant
step forward on the industrialization of coal-to-oil technology. The
company planned to increase the scale of its coal-to-oil project to 30
million tons or even higher from the previous 10 million. The
announcement immediately made believers out of previously unconvinced
investors, who created a coal-to-oil craze almost overnight by planning
to throw 15 billion US dollars into this business.
In addition to Shenhua's coal-to-oil project in Mongolia, the region,
currently with four coal liquefaction projects on its agenda during the
11th Five-year Plan (2006-2010), hopes to grow its production capacity of
refined oil to 20 million tons. Shanxi, a big coal-producing province,
has listed coal-to-oil in its provincial development plan. In the next
five to ten years, the province intends to rely on the advantage of its
coal resources to build a mammoth group enterprise, located between the
big coal fields in Shuozhou and Datong, whose core business would be the
production of millions of tons of coal-based synthetic oil. This new
enterprise would also establish a large coal-to-oil base near the
so-called "coal capital", Datong.
According to a reliable source who was cited in Mingpao, Qinhe Energy
Company in Jincheng, Shanxi was negotiating a 1-million-ton coal-to-oil
project with China Petrochemical and Sasol Company of South Africa, which
would consume four million tons of coal if an agreement was reached. The
coal liquefaction project by the Yanzhou Mining Group of Kangkou, the
largest coal company in Shangdong, was also running on a tight schedule.
Moreover, several big coal enterprises in Shandong, including the
Feicheng Mining Group, were all planning to initiate coal-to-oil
projects. In Anhui, Heilongjiang, Henan, and even Xinjiang, this type of
projects in various sizes are also underway.
E-mail: zhangqinghua@chinanews.com.cn Tel: 8610-88387443 Fax:
8610-68327649
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