CTL projects favored by foreign companies while doubted by Chinese experts
News Archive - Coal & Electric Power -Oct news
(Alibaba.com, Oct 25, 2006) It is predicted that a total of US$5b will be invested in China’s coal to liquids (CTL) projects. Experts point out that the relative government departments should keep calm amid unprecedented zest that foreign companies show in this field, and that false investment may result in deterioration of China’s energy security. Lin Boqiang, director of China Energy and Economy Research Center at Xiamen University, says that the CTL rush will make China face the risks of oil price reductions, scarcity in coal resources, resources waste and deteriorating environment, etc, which are the fundamental reasons that the U.S. and Japan refuse to put stakes in CTL.
source:Alibaba.com
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Drawn from Chinese language press