Royal Dutch/Shell is studying the possibility of investing in coal-to-liquid (CTL) projects in China through a technology agreement with the country’s largest coal producer, Shenhua Group, which is planning an initial public offering next year. The Anglo-Dutch company said it signed a memorandum of understanding with Shenhua and Ningxia Coal Industry this week to work together on the production of liquid fuel from coal. "We are beginning to study the economics of CTL projects in China which could lead to future investment opportunities,’’ Shell external affairs director in China Nick Wood said. He added that China’s abundant north-eastern coal resources are suited for conversion into oil products.
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