Interfax. Universe Gas and Oil Co. (UGO), a Japanese energy development company, plans to invest RMB 400 million ($51.28 million) in a coal-to-liquids project in northeastern China’s Jilin Province.
Zhang Shuang, an official with the company, said the plant will have an annual capacity of 500,000 tonnes (about 3.7 million barrels—10,000 barrels per day) of fuel oil production capacity after three phases of construction.
Zhang said the technology applied in the project was different from coal-to-liquids projects under construction at the moment, but declined to offer more information. Zhang could not say when construction would start.
Project contracts are already signed for development of the plant in the city of Liaoyuan—a center of coal mining—and the project is approved by the State government. Feedstock coal will come from the local coal mines.
UGO is involved in projects developing natural gas in Indonesia, and is affiliated with a number of larger Japanese energy organizations such as Japan Energy Corporation and Osaka Gas.