Yanzhou Coal parent studies 100 mln t/y coal-to-oil project in Shaanxi
Written by Administrator
Friday, 04 January 2008
BEIJING, Jan. 3 (InfoChina) –The proposal of Yankuang Group, the parent company of Yanzhou Coal (YZC.NYSE; 1171.HK; 600188.SH) to build a coal-to-oil project with an annual capacity of 100 million tons in Yulin city of Shaanxi province, northwest China, has passed the assessment by a group of experts organized by the National Development and Reform Commission (NDRC).
The experts’ team with NDRC believe that the content of the proposed project meets the requirements of state policies and industry regulations, which could be the basic foundation for the project to go ahead.
The coal-to-oil project of the company is a key project in China’s 11th Five-Year Program (2006-2010) for energy development.
Yankuang set foot in coal-to-oil R&D in 1998. By far the company has mastered the complete set of technology related to coal-to-oil production, which has reached international standard. (Edited by Sun Huanjie,
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