On the 12th, it was reported by the Energy Development Bureau of the National Development and Reform Commission (NDRC) that although many local governments have proposed "coal-to-oil" projects and submitted numerous applications for approval, there are significant disputes over costs and profit distribution, making it difficult to evaluate industrial risks. To date, only Shenhua Group's "coal oil" project has been officially approved at the national level.
Shenhua Group is a leading player in China's domestic "coal-to-oil" initiative. Its coal-to-oil project in Inner Mongolia is considered a key example of the country's alternative energy strategy. The group is now expanding its coal-to-oil ambitions. In August this year, Shenhua Xinjiang Energy Co., Ltd. was established with the goal of turning Xinjiang into the largest coal-to-oil base in China. Additionally, according to sources, Dow Chemical and Shenhua are actively conducting feasibility studies for coal-to-oil production in Shaanxi. The NDRC officials have made it clear that any new coal-to-oil projects beyond the existing one in Inner Mongolia must go through another approval process.
Besides Shenhua, most coal-producing provinces across the country are also exploring coal-to-oil initiatives. In Shanxi, the Tunliu coal mine, currently under construction and claiming to have the world’s largest derrick, plans to build a coal-to-oil demonstration plant with an annual output of 160,000 tons. If successful, the province aims to construct a large-scale synthetic oil plant with an annual capacity of 5.2 million tons. Furthermore, Shanxi plans to establish a major enterprise group focused on one million tons of coal-based synthetic oil within the next five to ten years, spanning several large coal fields in Zhangzhou and Datong.
In Shandong, a major coal company has invested 10 billion yuan to develop a multi-million-ton coal liquefaction base in Guizhou. It also signed an agreement with Shaanxi Province, investing 9.526 billion yuan to develop coal liquefaction projects there. It is reported that the Shandong Seven Coal Group has either already started or is planning to build a coal-to-oil base in western China.
According to available information, these are just a portion of the coal-to-oil projects that have come to light. Most projects have submitted feasibility study reports or pre-feasibility study reports, but none have received formal approval yet. Earlier predictions from the Coal Chemical Research Branch of the China Coal Science Institute suggest that by 2020, China’s coal-to-oil capacity could reach between 36 million and 39 million tons, with total investment reaching 100 billion yuan. Officials from the NDRC noted that there has been a surge in interest and momentum for domestic coal-to-oil projects.
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