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Concerned about increasing dependence on oil imports and its impact on economic growth and national security, China is making a massive $6 billion investment in new coal liquefaction plants.
Planned $2 billion Shenhua facility will eventually produce 50,000 barrels daily of diesel fuel and gasoline.
China has earmarked $15 billion for coal-to-diesel-fuel conversion plants and has targeted replacing 10 percent of its oil imports with coal-liquefied oil by 2013.
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