On the 12th, it was reported by the Energy Development Bureau of the National Development and Reform Commission (NDRC) that although many localities have initiated "coal-to-oil" projects and submitted numerous proposals for approval, significant disputes over costs and profit distribution have arisen. Additionally, the industrial risks associated with these projects remain difficult to evaluate. To date, the NDRC has only officially approved Shenhua Group's "coal-to-oil" project.
Shenhua Group is a leading player in China's coal-to-oil industry. Its coal-to-oil facility in Inner Mongolia is considered a flagship example of the country’s alternative energy strategy. The group is now expanding its vision, with the establishment of Shenhua Xinjiang Energy Co., Ltd. on August 4 this year. The company aims to develop Xinjiang into the largest coal-to-oil base in China. In addition, Shenhua and Dow Chemical are reportedly advancing feasibility studies for a coal-to-oil plant in Shaanxi. According to officials at the NDRC, any new coal-to-oil project by Shenhua beyond its existing Inner Mongolia facility must go through the approval process again.
Beyond Shenhua, nearly all coal-producing provinces are exploring their own coal-to-oil initiatives. In Shanxi, the Tunliu coal mine, which features the world's largest derrick, is planning a demonstration plant capable of producing 160,000 tons of synthetic oil annually. If successful, the province plans to build a larger facility with an annual output of 5.2 million tons. Shanxi also aims to create a major coal-to-oil enterprise group, focusing on one million tons of synthetic oil production across several large coal fields in Zhangzhou and Datong within the next five to ten years.
In Shandong, a major coal enterprise has invested 10 billion yuan to establish a multi-million-ton coal liquefaction base in Guizhou. It has also signed an agreement with Shaanxi to invest 9.526 billion yuan in developing coal liquefaction projects there. Reports suggest that the Shandong Seven Coal Group is either already building or planning a coal-to-oil base in western China.
According to available information, these are just some of the coal-to-oil projects currently under discussion. Most of them have submitted feasibility or pre-feasibility reports but have not yet received formal approval. A previous forecast by the Coal Chemical Research Branch of the Chinese Coal Science Institute estimated that by 2020, China's coal-to-oil capacity could reach between 36 million and 39 million tons, with total investments reaching 100 billion yuan. Officials from the NDRC noted that the domestic coal-to-oil sector is experiencing a surge in interest and development momentum.
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