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Envidity launches $1B UCG-GTL project in Mongolia

Green Car Congress

announced the commitment of funds to launch a US$1-billion underground coal gasification gas-to-liquids (UCG-GTL) project in Mongolia. The project will transform low-quality deeply-embedded, underground coal into synthetic diesel. Google Maps. km) over the largest Mongolian Shivee-Ovoo brown coal deposit. mi, 774 sq.

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Europe/US team: transitioning to a low-carbon world will create new rivalries, winners and losers

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For example, rich countries such as Germany can throw billions of dollars at their coal sector to ease their transition pain, offering generous financial aid to lignite-producing regions. Russia might align with China. This drives the development of fossil fuels, including coal and shale production, as well as renewables.

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