The launch of China's first direct coal-to-liquids (CTL) project, run by Shenhua Group, has been rescheduled to early next year, Ning Chenghao, a researcher with Shenhua CTL institute told China Daily.
Located in Inner Mongolia autonomous region, operations of the CTL facility which is capable of an annual production capacity of one million tons, were originally scheduled to begin before the end of 2008.
At the sidelines of a forum held in Beijing today, Ning said that the project has been postponed till next year "for several reasons", but did not elaborate.
According to Ning, the cost for generating each ton of oil was estimated at about $45 in 2007, "but the figure has changed as the price of coal and oil has been fluctuating this year," he added.
In a notice posted on its website on September 4, the National Development and Reform Commission has halted all new CTL projects apart from two operated by the Shenhua Group.