Saturday, March 11, 2006

Coal-to-oil plant to begin work next year

China's biggest coal company, the Shenhua Group, will start production at its first coal-to-liquid project at the end of next year, a scheme that will supply 1 million tons of oil products a year to North China.

The project will be the country's first facility producing oil from coal and has great market potential in China, which relies on coal for about 70 per cent of its energy needs and aims to cut the import of high-priced oil.

( Full story here )

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