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Erdenes Mongol: Coal-to-liquids fuel industry to produce 10 thousand barrels per day www.mongolia.gogo.mn
Erdenes Mongol LLC and Polaris Asset Corp., have agreed to cooperate on coal-to-liquids fuel industry project, which will be implemented for three and a half year.
According to the preliminary estimates, Mongolian economy can save US$ 269.5 million annually, if the industry produces 10 thousand barrels of liquid fuel per day, reports Erdenes Mongol LLC.
The industry is expected to have a capacity to generate 100-150 MW power and will use “Fischer-Tropsch” technology that are environmentally friendly.
"In addition to ensuring sustainable development of the Mongolian economy, the coal-to-liquids fuel industry will support the fuel and energy independence as well as national security", highlighted by the CEO of Erdenes Mongol LLC Ts.Tumentsogt.
According to the expected economic benefits of the project, 25 percent of the industry production will be fuel, 75 percent will be diesel fuel and by-product. The industry will able to reuse and sell by-product.
Published Date:2017-01-20
