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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (2798)	3/12/2004 6:50:57 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China starts research in coal liquefaction to confront oil shortage www.chinaview.cn 2004-03-12 10:22:52 BEIJING, March 12 (Xinhuanet) -- China has set up its first coal liquefaction research center in Shanghai, a strategic move to confront the country's increasingly serious oil shortage. Three energy and industrial companies, Shenhua Group, Shanghai Huayuan Group and Shanghai Electric Group, jointly invested over 100 million yuan (12 million US dollars) in the center, said an engineer with the China Coal Research Institute. The center mainly explores direct and indirect coal liquefaction technologies, under which coal is broken down into small molecules with hydrogen to form oil molecules for diesel, gasoline and other petroleum products after refining, the engineersaid. The center will also become a research headquarters providing technology support and engineer training for China's first coal liquefaction project involving 3.3 billion US dollars in North China's Inner Mongolia Autonomous Region, Friday's China Daily reported. The project is expected to operate its first production line by 2005 with an annual output of 1 million tons of gasoline. It is expected to process 15 million tons of coal to produce 5 million tons of oil products with four more production lines by 2008. The government hopes the coal-to-oil technology can be used to increase oil supply in the short term if oil imports slow down or oil prices surge, despite its much higher costs than normal oil products. China is now the second-largest oil consumer in the world afterthe United States. Experts predict that China will import half of its oil consumption by 2010. Enditem news.xinhuanet.com Coal-to-oil research in the US Coal-to-oil plan endorsed by Bush Federal agency tours Gilberton project BY STEPHEN J. PYTAK Staff Writer ultracleanfuels.com