China to Invest US$15 Billion in Coal-to-Liquids Plants

The Chinese government plans to make a major investment of about US$15 billion in coal-to-liquids (CTL) plants (both direct and indirect) over the next 5 to 10 years as part of an effort to reduce dependency on oil imports.

The National Development and Reform Commission (NDRC) said that the combined output of the CTL plants could reach 16 million tons annually