The project, taking full advantage of its self-produced high-sulfur coal as raw material, also, utilizing advanced integrated coupling technology, realized clean and efficient utilization of coal.
Li Weidong, chairman of Lu'an Coal-based Clean Energy Company, said the first batch of coal-based high - end synthetic oil produced will become cosmetics and food-grade raw material to replace imports. And most importantly, such coal-based oil will generate huge profit: sales price for 300 milliliter of coal-based oil is over two yuan, more than 20-fold of coal cost at less than 0.1 yuan.
(Writing by William Gao Editing by Jessie Jia)
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