Reliance Industries Ltd (RIL) plans to mark its foray into synthetic fuels through a US$6-8 bln project that will turn coal into oil (CTL). RIL aims to produce about 80,000 pd of oil through the process. The Rs 30,000 crore project will consume about 30 mln tpa of coal. India has 248 bln tons of coal reserves of which 93 bln tons are proven reserves.
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Monday, January 14, 2008
RIL to mark its foray into synthetic fuels through a US$6-8 bln CTL project
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