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The last edit to this post was made by jordan569 on 2013-1-6 at 22:45. China Coal Resources Network: Total scale of coal-to-oil projects in China is nearly 5 million tons. According to a report from China Coal Resources Network on October 8, the coal-to-oil projects in China, which have attracted widespread attention, have now moved beyond the laboratory stage thanks to a series of technical advancements and high international oil prices. They are in the phase of industrial-scale demonstration production, with the total capacity of projects under construction or planned to be built reaching nearly 5 million tons. China’s coal-to-oil projects, which have attracted widespread attention from various sectors, have now moved beyond the laboratory stage thanks to a series of technological breakthroughs and the boost provided by high international oil prices. They have entered the phase of industrial-scale demonstration production, with the total capacity of projects under construction or planned to be built approaching 5 million tons. Du Minghua, director of the Beijing Coal Chemical Branch of the China National Coal Research Institute, said at the annual meeting of the Northern China Coke Consortium that on a global scale, the key to coal-to-oil conversion lies in moving beyond the laboratory stage and achieving large-scale industrial production. At present, China’s project has achieved this crucial breakthrough; it is expected that by 2020, the country will have invested a total of 400 to 500 billion yuan, enabling production capacity of 50 million tons of petroleum products per year. Together with the introduction of biomass oils with an annual production capacity of 20 million tons by then, China’s reliance on imported crude oil will drop from over 60% to below 45%. Du Minghua told reporters that at present, the cost of the oil products produced through coal liquefaction in China is similar to that in South Africa, the largest producer of coal-based oil, at around $25 per barrel. Based on the forecasts from various parties regarding medium- to long-term oil prices, this cost remains quite competitive in terms of market competitiveness. In terms of oil quality, coal-derived oil contains very few impurities and harmful substances, and its quality is far superior to that of petroleum products; it can meet the Euro IV and Euro V standards directly. From the perspective of coal resource pressures, if China were to produce 50 million tons of coal-based oil in 2020, it would require 200 million tons of raw coal, which represents less than 7% of the country’s total coal production at that time, and thus would not lead to a shortage in raw coal supply. He believes that investing in coal-to-oil projects carries little risk; the key is to have the capability and vision. . Note $ # , $ $