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China's first CTL project gets underway

Commodity Online
BEIJING : China’s first direct coal-to-liquids (CTL) project started functioning from Monday, said country's biggest Coal producer Shenhua Group.

Located in Inner Mongolia autonomous region, the 10-billion-yuan (US$1.46 billion) CTL facility is reported to be capable of producing one million tons of fuels annually.

The project, launched on Dec 30, has started to produce fuels and chemical products, all up to standard, according to a statement posted on the company's website, adding the launch was right on schedule.

The project is also the world's first major liquefaction plant that employs direct Coal liquefaction technology.

MCX Tin 29 February 2012 contract was trading at Rs 1036.5 , down Rs. -43.5 . What's your view on it?
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