OIL FROM COAL.
COST UNECONOMIC.
HUGE CAPITAL OUTLAY NEEDED.
CAXBERRA, June 8. Reporting to the Commonwealth Government. a committee on local liquid fuels states that the cost of obtaining fuel oil from coal would be three times that of importing petrol.
Capital outlay, says the report, would be £12,000.000 and the cost on the basis of 4.1,000.000 gallons a year production would be 13.8 dto 14.4 d. With the sanw capital outlay 300,000.000 gallons, or one years supply for the whole continent, could be stored above ground at a cost of 8d a gallon, including purchase price and all other charges. Petrol from the Victorian brown coal deposits would cost 13d a gallon. If 600 men were employed to produce 18,000,000 gallons a year the cost would be i. 150,000, or £1250 a man. With power alcohol from agricultural products selling at 1/ a gallon, its distillers would not be able to pav more than 1/ a bushel for wheat and nothing at all for fresh and dried frrapes in the volume in which they would probably be available. Most economical production would come from molasses, but even using this, spirit would cost four times as much a» | imported petroL
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Bibliographic details
Auckland Star, Volume LXX, Issue 139, 15 June 1939, Page 7
Word Count
200OIL FROM COAL. Auckland Star, Volume LXX, Issue 139, 15 June 1939, Page 7
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