A great potential for resources to embark on the Chinese economic stage Chinese and foreign companies will jointly develop oil shale

On September 2nd, the reporter learned from the Public Affairs Department of Shell (China) Co., Ltd. that Jilin Guangzheng Mining Co., Ltd. and Shell (China) Co., Ltd. had just signed a cooperation contract in Changchun to jointly treat oil shale in Jilin Province. Resources for exploration and development.
According to the contract, the partners will jointly fund the establishment of a joint venture company --- Jilin Shell Oil Shale Development Co., Ltd., of which Shell has 61% of the shares, Jilin Guangzheng has 39% of the shares. The company will conduct exploration and research on the commercial availability of oil shale resources in Jilin Province, and then apply the patented technology of oil shale underground conversion that Shell is developing to conduct industrial demonstration. The long-term goal is to use oil shale resources to achieve clean and high-quality transportation fuels. And commercial production of other energy products. According to the optimistic assessment of the relevant departments, according to the current international oil price calculation, the shale oil production value in Jilin Province can reach 9.6 billion yuan per year. If these crude oils are further produced into gasoline, the annual output value will reach 20 billion yuan.
Oil shale is an important alternative source of oil and gas. It is a kind of fossil fuel. Oil shale prediction resource reserves in Jilin Province 2542 . 900 million tons, proven reserves of 17.426 billion tons of resources, accounting for about 54% of the country's total, ranking first. According to the current average oil content of oil shale in Jilin Province, the proven oil shale resource reserves in Jilin Province can be used to extract approximately 1 billion tons of shale oil, and oil shale resources should be able to be used for 100 years. Oil shale is a high-ash, combustible organic rock that is formed by the death, accumulation, burial, and alteration of ancient animals and plants. This resource is more common in basins. Since the formation of oil shale is similar to the formation of oil, oil shale also contains substances similar to oil. By extracting it, an alternative energy source for petroleum can be obtained.
It is understood that the world is currently the only one Shell technology mastered the oil shale mining technology - underground pyrolysis and heating technology, and has a successful operating experience in the United States, Canada. Jilin Guangzheng Mining Co., Ltd. is a state-owned holding company with a registered capital of 2.1 billion yuan. The person in charge of the company said that we recognize that oil shale, as an energy resource, has the potential to support the rapid growth of the Chinese economy. I am very pleased to work hand in hand with Shell to explore the possibility of developing and utilizing oil shale resources in Jilin Province. We have confidence in Shell's technology and hope that the project will enter commercial production as soon as possible.

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