(Dongguan Securities, Oct 26, 2006) South African company Sasol plans to launch two coal to liquids (CTL) projects, together with companies like Shen Hua Group Co., Ltd, in China. If things go smoothly, Sasol will make investment in two CTL projects with separate annual capacity of 7.2m tons in Yulin, Shaanxi Province and Ningdong, Ningxia Hui Autonomous Region, President Mr. Andr¨¦ de Ruyter of Sasol¡¯s China venture told Shanghai Securities News on Oct. 25, 2006.

Besides, Mr. Ruyter disclosed that Sasol Synthetic Fuels (SSF) would join hands with Shen Hua Group to make a total investment up to US$7b, or RMB55.3b, to build a CTL joint venture with annual capacity of 3.6m in Yulin, Shaanxi Province, of which SSF will control 50 per cent stakes in the JV; and that together with Shenhua Ningxia Coal Group, Sasol would build another joint venture with similar capacity in Ningdong Coal Chemical Base in Ningxia Hui Autonomous Region. The two projects will complete construction by 2013.
source:Dongguan Securities
tag:China energy coal
Drawn from Chinese language press