Wang Ningbo, deputy general manager of Shenhua Group's Xinjiang company, recently stated that Shenhua Group plans to invest 52 billion yuan in Xinjiang's coal-to-oil projects in the next five years. Wang Ningbo said that the group plans to reach an annual output of 70 million tons of coal by 2015 and build a coal-to-oil plant with an annual output of 3 million tons to reduce the country’s dependence on oil imports. At present, the annual output of Shenhua Group's coal in Xinjiang is 20 million tons. Allen Key,Tool Set,Tool Kit Hew Whitt Industries International Co., Ltd. , http://www.globeautowheels.com
Shenhua 5.2 billion yuan will be invested in Xinjiang coal-based oil project