Shaanxi Future Energy Chemical Co., Ltd., a joint venture between major coal business player Yankuang Group Co., Ltd. and local oil company Shaanxi Yanchang Petroleum (Group) Co., Ltd., recently saw the successful commission of an indirect coal-to-liquid (CTL) project in Yulin of northwest China's Shaanxi Province, according to Yankuang Group.
The CTL facility has produced over 30,000 tonnes of product oil which is in line with Euro-V standards. The product oil now is mainly used as additives and blender.
With the application of more than 50 patented technologies, the project has world's largest reactor for Discher-Tropsch synthesis and 98 percent to 99 percent of carbon conversion rate.
China CTL project has over 70 percent of operation rate and is expected to generate 4.3 billion yuan of sales revenues and 150 million yuan of profit each year.
The CTL project has around 16.4 billion yuan of investment and 1.15 million tonnes of production capacity.
Yankuang Group plans to form 10 million tonnes of product and chemical project based on rich coal resources in Yulin.
Yankuang Group Co., Ltd. and Shaanxi Yanchang Petroleum (Group) Co. control 75 percent and 25 percent shares of Shaanxi Future Energy Chemical Co.