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BOL engages US investors for coal to liquids project

Glimpse of the future: Botswana Oil hopes to secure investors for its coal to liquids dream PIC: GENERATED VIA MICROSOFT BING ARTIFICIAL INTELLIGENCE
Glimpse of the future: Botswana Oil hopes to secure investors for its coal to liquids dream PIC: GENERATED VIA MICROSOFT BING ARTIFICIAL INTELLIGENCE

Botswana Oil Limited (BOL) recently held meetings with United States entities as it tests investor appetite for its $2.5 billion Coal to Liquids project, which is due to be developed with private capital.

Known as the Ikaegeng XTL (Coal-to-Liquid), the ambitious synfuels project aims to use the billions of tonnes of coal lying untapped in the country to produce various petroleum fuel products for domestic use.

Botswana Oil expects that the envisaged plant could produce 12,000 barrels of oil per day or up to 80% of the country’s annual fuel demand of 1.2 billion litres.


Editor's Comment
BDF visitation approval a welcome development

BDF camps are military camps, and there is a need for stricter rules and regulations to safeguard their operations as well as ensure the safety of civilians. Of course, military personnel are human, and they have relatives as well as girlfriends and boyfriends, but the fact remains that the BDF is responsible for ensuring national security and stability and, as such, will be one of the first targets in the event of possible attacks. The decision...

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