Gov’t confident as P30bn synfuels project gathers pace

Friday, October 28, 2022 | 1680 Views |

Resurgent: Operations at Morupule Coal Mine. The mineral is back in favour as the world faces an energy crunch
PIC: MORERI SEJAKGOMO

Government is confident of securing private capital for the $2.5 billion (P30 billion) coal-to-liquids project, with Minerals and Energy minister, Lefoko Moagi saying investors who had blacklisted the fossil fuels were walking back their positions.

Known as 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.

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Gov’t confident as P30bn synfuels project gathers pace

Government is confident of securing private capital for the $2.5 billion (P30 billion) coal-to-liquids project, with Minerals and Energy minister, Lefoko Moagi saying investors who had blacklisted the fossil fuels were walking back their positions.