Shenhua Group Has 8 CTL Projects in Pipeline; Targeting 30M Tons per Year by 2020
16 June 2006
|Shenhua’s first direct coal liquefaction train is due to come online in 2007.|
China Daily. Shenhua Group, China’s biggest coal producer (and the third-largest in the world) is planning eight Coal-to-Liquids projects that will produce some 30 million tons per year (about 600,000 barrels per day) of synthetic oil and products by 2020.
The first three of the eight projects will have a total capacity of 4 million tons per year, and are due to be completed by 2010. The eight plants will be built in Shaanxi, and the autonomous regions of Inner Mongolia, Xinjiang Uygur and Ningxia Hui. Shenhua is building both direct and indirect liquefaction projects. (Earlier post.)
The State-owned energy conglomerate is partnering with international companies, such as Royal Dutch Shell and Sasol on technology transfers.
“We have almost finalized talks with South Africa and will possibly sign a deal with them sometime next week,” Zhang [Yuzhuo] said, declining to give details of the accord.
China is forecasting that its oil consumption will increase to about 450 million tons (about 9 million barrels per day) by 2020—with 60–62% of that imported. Of that increase, China projects using 216 million tons of gasoline and diesel (about 4.7 million barrels per day) by 2020.
In 2005, China consumed 6.988 million barrels of oil per day, according to BP’s Statistical Review of World Energy 2006.
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