Bloomberg News
Published: July 14, 2006
HONG KONG China, the world's biggest energy consumer after the United States, on Friday announced restrictions on projects that turn coal into liquid fuels and chemicals to avoid overcapacity and the waste of resources.
China will not approve coal-to-fuel, or synfuel, projects that have an annual production capacity of less than three million metric tons, the National Development and Reform Commission, the top Chinese economic planning agency, said in a statement on its Web site.
Record oil costs are spurring China to build plants that can turn some of its coal reserves, the world's third-largest, into auto fuels and raw materials for making plastics. Sasol of South Africa, the biggest producer of motor fuel from coal, said last month that China had the potential for at least 12 coal-to-fuel plants.
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