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CIL identifies block for coal-to-liquid foray

07 Feb 2011 Evaluate

Coal India has identified Deocha-Pachami block at Bankura district in West Bengal for its proposed foray into coal-to-liquid (CTL) project. The block has a huge reserve of 19 billion tonnes, which could be exploited for burning coal to form oil. The projected investment would be around Rs 45,000 crore which might be funded through a joint venture. SASOL and Lurgi were the two companies having the CTL technology. Setting up a CTL project would help the country to insulate itself from the volatility of internal crude prices.crackcrack

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Company Name CMP
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