Setting dates: Sasol and Shenhua plan building start day for new CTL plant
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Sasol and Shenhua prime CTL pumps
South African synthetic fuels specialist Sasol and partner Shenhua Group areprimed to start work on a coal-to-liquids (CTL) plant in China by October next year, according to reports.
The project, in the north-western region of Ningxia, carries an estimated $7 billion pricetag, Reuters quoted official news agency Xinhua as saying. The original budget for the development was $5 billion.
Cui Hongming, chief engineer at Ningxia Coal Industry Group, a subsidiary of Shenhua, told Xinhua that a feasibility study for the project was still being carried out.
he said the study should be submitted to China's economic planner, the National Development & Reform Commission, by the end of the year.
The plant, one of two CTL projects Beijing approved last year, is expected to convert 3.2 million tonnes of coal into oil products each year upon completion, equivalent to 80,000 barrels of oil output each day.
The other project - also a Shenhua development - is in Inner Mongolia and went through a successful trial run earlier this year.