11/8/2010

Feedstock shortages and the increasing price of crude oil are boosting China's coal-to-chemical industry, as cost advantages for using coal become greater. China is known to have limited supplies of oil and natural gas, but substantial coal deposits, so turning coal into other forms that can be used as fuel or raw materials presents a cheap and viable source of energy. "We aim at replacing crude oil with coal in the long term, thus enhancing our independence on raw-material resources," said Rainy Ma, an analyst with information provider CBI.

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