China CTL Output to Reach 50 Million Tons by 2020
20 April 2007
Interfax-China. China's coal-to-liquids (CTL) industry will produce 50 million tons of output by 2020, according to figures from the Coaltrans China conference—a strong increase from earlier projections.
In February 2006, the Chinese government said that it planned to make a major investment of about US$15 billion in coal-to-liquids (CTL) plants (both direct and indirect) over the next 5 to 10 years as part of an effort to reduce dependency on oil imports. The National Development and Reform Commission (NDRC) said that the combined output of the CTL plants could reach 16 million tons annually—about 320,000 barrels per day. (Earlier post.)
State-owned Shenhua Group, China’s largest coal company, alone has upped its plans for CTL production to 30 million tons by 2020.
The CTL process produces various products, with 77.2% of output being diesel fuel; 19.6% naphtha; 2.3 liquefied petroleum gas; and 0.9% special wax. The cost of production is currently RMB 1,986 (US$257) per ton (about $35 per barrel), according to Shenhua’s calculations.
At those yields, 50 million tons of CTL output per year would produce about 11.8 billion gallons of diesel, or 32.4 million gallons US (771,000 barrels) per day of CTL diesel.
TrackBack URL for this entry:
Listed below are links to weblogs that reference China CTL Output to Reach 50 Million Tons by 2020: