Diesel engines will fill with coal Inter the Russian Open Society can begin with Chinese Shenhua the joint project on coal processing in synthetic motor fuel. Earlier such projects from - for dearness of manufacture were realised only in the countries which had problems with deliveries of oil, - in Germany during the Second World War and in the republic of South Africa at an apartheid. But sharp growth of the oil prices in 2000 - h has made years coal processing in liquid fuel profitable business. In China Shenhua already has had time to construct the first line on manufacture coal oil products .
the State power holding Inter the Russian Open Society United Power Systems together with the Chinese coal company Shenhua can be engaged in manufacture of motor fuel from coal, the director of department of the coal and peat industry of Ministry for the Power Generating Industry Konstantin Alekseev has informed yesterday. According to the official, on Monday the memorandum project on factory building has been transferred the Chinese party. Alexey`s mister has specified that form of co-operation is specified, China yet has not presented an economic component of the project .
Russia needs to define a deposit on which base to build factory till September, Konstantin Alekseev has explained. Most likely, it will settle down in regions close to China the official as the basic consumer of production of factory should become the Peoples Republic of China has added. In Inter the Russian Open Society yesterday have confirmed interest to the project, but have explained that it while is on a zero stage . In particular, parametres and terms of financing are not defined yet neither shares of partners in the future joint venture, nor. Own coal actives at Inter the Russian Open Society also is not present. A source Interfax familiar with a course of negotiations, has noticed that factory cost can make an order $1 billion
Production technologies of liquid synthetic fuel from coal (CTL, from English coal to liquid) have been developed in Germany about 100 years ago. However until recently they did not find wide application, first of all from - for dearness of manufacture. To 2000 - h years two examples of use of technologies CTL commercially were known only. In 1930 - 1940 - h years such installations were used by nazi Germany which has been cut off from the majority of oil fields. Since 1955 CTL - factories has started to build South African Sasol. The republic of South Africa, long time getting under the international sanctions from - for an apartheid mode, used the extensive stocks of coal for fuel manufacture. By estimations World Coal Institute (the association uniting manufacturers of coal), now in the republic of South Africa from local coals is made to 30 % of gasoline and diesel fuel.
World Coal Institute, analyzing in 2006 possible recoupment CTL - manufactures, noticed that they become economically attractive at the price of barrel of oil above $35. In 2000 - h years of the price for oil have considerably exceeded this level, and interest to CTL - to factories began to show in the Peoples Republic of China, the USA, Australia and other countries with considerable stocks of coal. Shenhua is one of few coal-mining companies of the world who has constructed an operating line on CTL - technologies capacity of 1 million tons of oil products in a year. It is put into operation in independent area Inner Mongolia in 2008, the general productivity of factory under the project should make 5 million tons a year. The project cost nearby 10 mlrd yuans (less than $1,5 mlrd).
Alexey Morozov from UBS notices that from coal the diesel fuel of high quality cleared of sulphur turns out. Creation of similar manufacture in Russia was discussed before crisis, the analyst but while this theme is closed, as process power-intensive enough adds. Sergey Bejden from IFK Metropol adds that for Inter the Russian Open Society manufacture of synthetic fuel from coal is absolutely not profile business. According to an analyst, it would be more logical to involve for such project any of the Russian coal-mining companies.