Next Big Future: Sasol making 1.1 million barrel per day Coal to Liquid Operation in Indonesia by 2015, Competitive prices with Oilsands and Deep Water Oil: "Sasol making 1.1 million barrel per day Coal to Liquid Operation in Indonesia by 2015, Competitive prices with Oilsands and Deep Water Oil
South Africa's Sasol Synfuels has a US$10 billion project to build 1.1 million barrels per day of oil equivalent with a massive coal to liquid operation in Indonesia.
Until recently coal to liquid cost $1 billion for 10,000 barrels per day of oil equivalent. So the Sasol operation is eleven times more cost effective at $1 billion for 110,000 barrels of CTL liquid per day
If the price of ten billion dollars for 1.1 million barrels of oil equivalent per day could be hit by 2015, then such a project would be competitive with the pricing and timescale of oilsand projects and deep water oil. It would also be competitive with the scale of those other large oil projects."
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