Coal can be converted into liquid
fuel by the process of coal liquefaction. There are two methods used (direct and
indirect liquefaction) for obtaining liquid fuels from coal. The major
objective of coal liquefaction is to produce synthetic oil to supplement the
natural sources of petroleum. Liquid fuel made from coal is cleaner and cheaper
than existing synthetic fuels. Large quantities of coal reserves and good
technological knowhow related to this market and process are boosting the
growth of this market. In addition to these factors, stringent regulations
related to emissions followed by many countries, and high oil prices and demand
are enhancing the market for coal made fuel. The initial investment and the
operational cost related to coal liquefaction is very high which is hindering
the growth of this market.
To
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China, USA, Australia, India, South
Africa, and Russia are the major coal producing countries. The market for coal
to liquid fuel is expected to increase due to the growth in the transportation
sector in developing countries such as China and India and also due to the
strict regulations imposed by several governments in both developed and
developing regions to reduce greenhouse gas emissions by replacing petroleum as
a fuel.
Coal to liquid fuel can be obtained
by using two methods -direct and indirect liquefaction. Fuels produced from
coal are at presently used primarily in the transportation sector but have
great potential to be used as cooking fuel. Dimethyl ether (DME) which is
derived from coal holds great promise to be used as domestic fuel in place of
liquefied petroleum gas (LPG) as it is non-toxic and non-carcinogenic to handle
and generates less hydrocarbon and carbon monoxide than LPG. Some of the major
companies which deal in liquid fuel derived from coal include Sasol, Shenhua,
Bumi plc, Linc Energy, Monash Energy, and DKRW Energy.
This research report analyzes this
market depending on its market segments, major geographies, and current market
trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current
trends in the market, industry growth drivers, and restraints. It provides
market projections for the coming years. It includes analysis of recent
developments in technology, Porter’s five force model analysis and detailed
profiles of top industry players. The report also includes a review of micro
and macro factors essential for the existing market players and new entrants
along with detailed value chain analysis.
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