Large-scale commercialization of coal-based oil would greatly stimulate the oil market. Yesterday, du guohua, vice-president of the beijing institute of coal oil industry co. Ltd. Of china, said at the 2009 international summit on clean energy, that although coal oil technology is already industrialized, market space is still large。
The process of making coal oil is a chemical process of changing the original structure of coal into that of oil. “if coal oil is commercialized for large-scale production, at a cost of $40 per barrel-50 per barrel, this will have a certain impact on oil prices.” du guanghua argues。
From du guanghua's point of view, the price of coal oil is about half of the current price of oil (which is in the range of $75-80 per barrel as an area acceptable to oil producers and consumers), that is, once production capacity is kept up, it will directly affect the pricing of energy markets。
Concerns were also expressed. An industry person said to journalists that, if the trip took place, oil pricing mechanisms would be changed and coal price interventions would be joined, and oil product pricing would again be controversial。
According to information received from journalists, coal oil is not yet technically developed in the country and demonstration projects for coal oil are currently in the pilot phase, but some regions are blindly planning modern coal-chemical projects, resulting in some excess capacity。
Coal oil is relatively mature abroad. According to du guanghua, before 1945, coal oil technology had been industrialized in the second world war, when german production had reached nearly 5 million tons. By the 1950s, south africa had developed another coal-based liquefied oil technology and now produced 7 million tons per year, 60 per cent of which is fuel oil for engines, providing 60 per cent of south africa's transportation and automobile oil。
Currently, there are four main coal oil companies in the country, namely, the shinhua group, the luang mines group, the xian an group and the ita group. Yu hua peng
