MRK 2.78% 3.5¢ maverick energy ltd

south african coal project, page-31

  1. 2,904 Posts.
    do sellers realise the importance of SA coal

    from a wall street article

    SECUNDA, South Africa -- Every day, conveyor belts haul about 120,000 metric tons of coal into an industrial complex here two hours east of Johannesburg.

    The facility -- resembling a nuclear power plant, with concrete silos looming over nearby potato farms -- superheats the coal to more than 2,000 degrees Fahrenheit. It adds steam and oxygen, cranks up the pressure, and pushes the coal through a series of chemical reactions.

    Then it spits out something extraordinary: 160,000 barrels of oil a day.
 
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