Coal gasification projects should continue in China – executive
23 April 2013 21:53 [Source: ICIS news]
HOUSTON (ICIS)--The pace of coal gasification projects in ?xml:namespace>China should continue “at or above” the current level as the country seeks energy independence and greater environmental benefits, the CEO of US-based Air Products said on Tuesday.
While China’s economy has hit a soft patch in the first part of 2013, the country realises it is important to its industries and environment to invest in coal gasification projects, said John McGlade during a conference call regarding Air Products’ Q2 2013 earnings.
Air Products supplies oxygen for gasification applications such as coal-to-liquids (CTL) and coal-to-chemicals (CTC).
The oxygen is used to produce diesel fuel for transportation or synthetic natural gas, which can be further refined into products such as methanol, acetic acid and olefins, according to the company.
McGlade sees no slowdown in the number of gasification projects in China in the coming years.
“Our assessment of the market is that there [are] multiple opportunities of the scale and quantity of projects that you've seen if you looked over a trend line of the last several years,” he said.By: Jeremy Pafford+1 713 525 2653
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