Liquefaction of coal is not profitable in West Germany and will not be so far some time to coal. This is true for West German and imported coal. The result may be improved but not changed by combined conversion of coal and top residues of distilleries. These are the main statements of a study carried out by Messrs. Veba Oel AG, Gelsenkirchen, on behalf of the Federal Minister for Research and Technology. The results of the study are presented in 20 volumes.