Shenhua, Sasol discuss size of stake in coal JV

26 July 2007 11:01  [Source: ICIS news]

SINGAPORE (ICIS news)--China’s largest coal producer Shenhua Group has held talks with South African petrochemical major Sasol on the pair’s equity stake in their coal-to-liquids joint venture, the country's economic planning agency said.


The companies also discussed coal prices, product pricing and ways to reduce carbon dioxide (CO2) emissions, China’s National Development and Reform Commission (NDRC) said in a statement on its website late on Wednesday.


Senior Shenhua officials visited Sasol in South Africa on 7 July to iron out these issues during the second phase of the project’s feasibility study, it added.


The NDRC did not say if the companies had reached an agreement.


China Shenhua Coal Liquefaction Corp, plans to build two coal-to-liquids plants with a capacity of 80,000 bbl/day each in Shaanxi and Ningxia provinces. It has signed agreements with Sasol Synfuels International, Ningxia Luneng Energy and High Chemistry Investment Group regarding the project.


The companies proceeded to the second stage of the study for the Shaanxi project in June 2006.

By: Florence Tan
+65 6780 4359

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