GOV'T TO COOPERATE WITH ENTERPRISERS IN PRODUCING LIQUID FUELS

Ulaanbaatar, Mongolia /MONTSAME/ A memorandum was established on Monday between the National Development and Innovation Committee and the Ministry of Mineral Resources and Energy (Government) and a group of enterprisers such as "Mongolian Industrial Corporation" LLC, "MCS", "MAC" and "Petrovis" Groups.


The sides intend to cooperate in studying opportunities to produce a liquid fuel from coal.

They will ensure an implementation of a resolution on approving the program on industrial development and a 320th resolution on approving the list of the biggest projects, and will cooperate in exchanging views on supporting the domestic investors. They will also share views on erecting of industrial complexes of liquid fuels and on drawing up technical and economic justifications, environmental evaluation and calculations.

The memorandum requires them to unite research works done by professional organizations into erecting a factory of liquid fuels and to seek and study opportunities to realize a joint project.

Source : montsame

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