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Sasol and Shenhua To Focus Solely on Ningxia Hui Coal to Liquids (CTL) Plant
28 August 2008
Sasol and Shenhua have agreed to focus their full attention on the feasibility study for an 80,000 barrels per day Coal-to-Liquids (CTL) plant in the Ningxia Hui Autonomous Region. Sasol had also been engaged in exploring a potential coal-to-liquids (CTL) plant with Shenhua in the Shaanxi Province, about 650 kilometers west of Beijing. (Earlier post.)
The joint Shenhua Ningxia Coal Group and Sasol Project in the Ningxia Hui Autonomous Region is one of only two CTL projects which will continue with further study and development in China. This strategy aligns with a recent notice issued by the National Development and Reform Commission of the Peoples Republic of China.
Although the greater focus on the Ningxia feasibility study will have the result that Sasol’s Shaanxi feasibility study will not proceed at this stage, Sasol and Shenhua will maintain the good relationships with the Shaanxi Province which have been established over many years, the companies said.
August 28, 2008 in Brief | Permalink | Comments (1) | TrackBack (0)
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Posted by: Henry Gibson | August 29, 2008 at 09:22 PM
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Do not study! Build! The rich oil speculators are still in busuness who know that the supply of oil is limited not by price but by US and other goverment actions. ..HG..