An indirect coal liquefaction project with a yearly output of over one million metric tons (tonnes) has been put into operation in northwest China's Shaanxi Province, according to the provincial department of industry and information technology. Covering an area of 303 hectares in Yulin City of Shaan Province and boasting a total investment of 16.4 billion yuan, the project can produce 1.15 million tonnes of oil by consuming 5 million tonnes of raw coal per year.
The project is estimated to see annual sales revenues reach 7.6 billion yuan and yearly profits come to 1.6 billion yuan. The project, operated under the Shaanxi Future Energy Chemical Company, is expected to uplift the company's yearly oil production capacity to 5 million tonnes during the 13th Five Year Plan period (2016-2020). Megaton coal liquefaction technology is of great significance for China's energy security.
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