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Sasol-Tata CTL JV Expects to Be In Production in 2018
6 June 2010
Business Standard. Sasol Synfuel, which has entered into a joint venture with Tata Steel to build a US$10-billion, 80,000 barrel per day coal-to-liquids (CTL) plant in the Indian state of Orissa (earlier post), expects the venture to be operational by 2018.
The project is India’s first major CTL project.
“In this joint venture, which is in development phase, we are looking at converting coal to liquid fuel, like diesel and other fuels,” Sasol Synfuel International’s Country President Mark Schnell told reporters on the sidelines of a seminar here today.
...“This will be strategic and good for India as there is an increase in the number of vehicles leading to rise in demand for liquid fuel,’ Schnell said. In the JV, Sasol is playing the role of technology provider, co-developer and co-investor, he said.
June 6, 2010 in Brief | Permalink | Comments (1) | TrackBack (0)
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Assuming a potential $25/barrel net profit, it will take about 15 years to pay the initial investment. Such profit margin is possible with oil at about $100/barrel.
Ten to fifteen similar plants could also help USA to reduce oil importation. The investment required ($100 B to $150 B) is reasonable.
Posted by: HarveyD | June 09, 2010 at 07:00 PM