Shenhua Group: 35 Coal Chemical project investment 80 billion

November 19, Shenhua Group Co., Ltd. (hereinafter called Shenhua Group) Chairman Zhang Yuzhou in the "First China Engineering Institute-National Energy Bureau Energy Forum," said the 35 phase of Shenhua Group coal oil project plans to invest 80 billion yuan, 2015 capacity reached 10 million tons of refined oil/year.　　Zhang Yuzhou also said that at the end of 2020, Shenhua Group coal Oil Project production capacity reached 30 million tons of refined oil/year, can replace 40 million tons of crude oil, equivalent to a daqing oilfield.　　Zhang Yuzhou said that most of the refined oil is China's current shortage of diesel. Shenhua Group coal Chemical Project as the National Energy Strategic Project, is the world's largest coal direct liquefaction production of firewood, gasoline project.　　The project officially started construction in 2004, officially put into operation at the end of 2008, has already created the world's best coal chemical Industry records, the project has been achieved long cycle stable operation.　　October 27, Zhang Yuzhou said at a meeting that the coal chemical Project has achieved 3.2 million tons/year production of refined oil. China Shenhua (601088.　　SH/1088.HK) earnings data show that 2010 1-September, the company realized operating income of 110 billion yuan, an increase of 24.8%, net profit of 28.4 billion yuan, an increase of 14.7%.　　Shenhua Group is the parent company of Shenhua, China's largest coal enterprise and the world's largest coal supplier. November 19, China Shenhua received 25.21 yuan, down 0.12%.