Thursday, November 27, 2008

Mafutha is Zulu for 'oil' - worth R62bn

Mafutha, Zulu for 'oil', could have a capacity of some 80 000 barrels per day (bbl/d), in addition to Sasol's 150 000 bbl/d in Secunda. - Martin Creamer

At today's use and today's reserves, there is said to be 40 years of crude oil left in the world, 60 years of natural gas and 200 years of coal - and South Africa has that very mineral plus the know-how to turn it into transport fuel. - Martin Creamer

NVDL: Of course no mention of the levels of pollution syn-fuels cause. So you save energy supposedly by making/converting energy, but then food prices escalate as the pollution associated climate change worsens, and then you start to chase your own tail.
Sasol's proposed Project Mafutha provided an opportunity to develop
another stand alone greenfield coal-to-liquids (CTL) plant in a
fuel-short South Africa, CEO Pat Davies said on Monday.



Davies said that Mafutha was one of a total of 184 projects on
Sasol's books worth R62-billion.



While Project Mafutha was still at prefeasibility stage, there was
an undoubted need for a new inland refinery, Davies said, adding
that the company had recently rerun the numbers on the 184 projects
under various stages of development and the results benchmarked
well against the international energy-industry comparator.
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