mmegi

BOL engages US investors for coal to liquids project

Thursday, April 06, 2023 | 530 Views |

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.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Choppies commits to supporting local farmers

Pauline Dikuelo |
25 September 2023

Air Botswana, BCM strike mining cargo transport deal

Pauline Dikuelo |
25 September 2023

Botswana Chamber of Mines CEO Charls Siwawa and Air Botswana Acting GM Masego Mookodi at the signing Ceremony. PIC: MORERI SEJAKGOMO

Rantatana’s rise in world of design and fashion

Lewanika Timothy |
25 September 2023

Two suspected robbers shot dead

Pini Bothoko | 10 h ago

Ntate Stunna headlines Home Sweet Home fest

Larona Makhaiza | 10 h ago

Galaxy, GU gold-hunt in South Africa

Kabelo Boranabi | 11 h ago

Tebogo receives Presidential Order of Meritorious Service award

Calistus Kolantsho | 11 h ago

Reliving Independence Day celebrations

Ryder Gabathuse | 11 h ago

Woes of a forgotten citizenry: 57 years later

Lewanika Timothy | 12 h ago

Inaugural Junior Chess Championship gets underway

Calistus Kolantsho | 1d ago

Botswana Independence Day Dublin show cancelled

Larona Makhaiza | 2d ago

Happy Independence Day!

Independence Day holds immense significance for Batswana as a whole. It offers a moment for reflection and celebration of the country's achievements, while also prompting introspection.We must honestly assess whether the number of years of independence aligns with the progress we have made. While there is certainly much to celebrate, there are also pressing issues that require the attention of relevant stakeholders. Many Batswana are facing...

The Monitor Editor | 25 September 2023

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More