Chinese coal producer reaps huge profits from CTL project...
--------------------snip---------------------------------- Zhang Yuzhuo, general manager of Shenhua Group, said at a forum held in east China?s Anhui Province that the group?s CTL project in Inner Mongolia Autonomous Region produced 216,000 tonnes of refined oil products in the first quarter of this year, which brought more than 100 million yuan (15.38 million U.S. dollars) in profits.
The CTL project, which is seen as an important way to provide an alternative to petroleum, was completed in late 2008 as the world?s first large CTL gas plant.
With annual capacity expected to reach one million tonnes, the pilot project operated for 5,000 hours last year and produced 450,000 tonnes of oil products, according to Zhang. -----------------end snip-----------------------------------
