Coal-to-liquid solution for energy woes

China signed an agreement with Sasol, a South African energy and chemicals firm, to build two coal-to-liquid fuel plants in China. These plants, costing $3 billion each, are reported by the Financial Times to produce jointly 60 million tons of liquid fuel (440 million barrels) a year. The raw material and capital costs of a barrel of fuel would fall under $10 and other expenses would not bring total costs over $15.

The Korea Herald