mmegi

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
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

Have a Story? Send Us a tip
arrow up