Asia Pulse: China looks to coal to oil the wheels of industry

From Asia Pulse, via Asia Times:

Turning China’s abundant reserves into oil to help close a widening supply gap might once have seemed a little more than a dream, but synthetic fuels may soon be a key part of the country’s energy mix.

Optimists say China could be making up to 1.2 million barrels per day (bpd) of liquid fuel from coal in 10 years, equivalent to more than a sixth of current demand, as high prices and a growing import reliance renew interest in the process. Pessimists say uncertainty over the price of oil and that of coal, which has also surged, will impede development.

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