July 22, 2010 |
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Sasol and China’s Shenhua are “close to signing a deal” for a proposed 90,000 barrels/day coal-to-liquids (CTL) plant, according to a Sinocast news report quoting South Africa Trade & Industry Minister Rob Davies. The project, with an estimated capital cost of up to US$10 billion, was touted by Davies during a trade mission to China this week, according to the report. “The two companies may break ground on the project at the end of this year,” according to the report. Recado Andrews, the economic counselor for the South African Embassy in China, confirmed to Gasification News that “Minister Davies in his statement expressed support to the Sasol and Shenhua joint venture partnership to be awarded the tender for the setting up of a CTL plant in China. “It is envisaged that the Chinese government would make a decision on the matter as soon as possible. Sasol and Shenhua will jointly set up the plant once the tender is awarded,” Andrews told us. – Jack Peckham
Source: Gasification News 2010 Hart Energy Publishing |
- 2010-10-07 According to a report by China's Xinhua News Agency, China is expected to have the world's largest coal-conversion industry by 2020.
- 2010-10-19 October 19, 2010 Notice to Shareholders available under Investors (News Releases).
- 2010-10-06 Prof. Frank Clemente, "the world is turning to coal," by 2030, coal consumption will have increased by 53% and coal-fired power generation by 85%. Coal will account for 48% of global incremental electricity generation over the next 20 yrs.
