Large quantities of coal deposits are available around the
globe. Thus, global demand for energy could be met by the usage of coal. The
process of converting coal into liquid hydrocarbons such as petrochemicals and
liquid fuels is termed as coal liquefaction. The key purpose of coal
liquefaction lies in generation and production of synthetic oil, which is a
partial substitute resource for aromatic hydrocarbons. They are used as a
feedstock used in organic chemical industry. Commercialization of coal
liquefaction has been taking place across the globe in order to meet the rising
demand for energy.
The coal
liquefaction market can be segmented based on type of liquefaction
process, application, by-product, and region. Specific liquefaction processes
are of two categories: direct coal liquefaction (DCL) and indirect coal
liquefaction (ICL). Direct coal liquefaction process is based on approaches
such as pyrolysis, carbonization, and hydrogenation. Indirect
coal liquefaction occurs in multiple phases, which primarily produce syngas. It
is then further modified to obtain liquid hydrocarbons. Byproducts obtained
from liquefaction processes include lubricants, alternative liquid fuels,
synthetic wax, chemical feedstock, and ultra clean diesel. Syngas generated
through the Fischer Tropsch (F-T) technique is used in chemicals, wax, power
generation, and biofuels. The methanol to gasification (MTG) technique is
usually employed for manufacturing LPG from coal in industrial scale that can
be utilized in modified transportation vehicles and heating and cooking
processes. Newer technologies and advancements are being introduced for
efficient and effective coal liquefaction processes.
Coal
liquefaction provides various benefits. It helps reduce dependency of energy on
import of oil and gas. In terms of power generation, coal liquefaction is
considered less expensive. Infrastructure and logistical requirements for
processing and transportation of coal are lower than that for other fossil
fuels such as oil and gas. By-products obtained after several processes of coal
liquefaction are higher in number. Coal liquefaction, if processed
systematically, is expected to lower environments hazards.
Request
Sample
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=35117
The coal
liquefaction market also has certain restraints. These include environmental
pollution if coal is burned in the atmosphere. Coal liquefaction may cause
health problems and optimum air quality issues if handled inappropriately. Risk
associated with soil and water contamination in the process of coal
liquefaction is high. High capital investment in setting up liquefaction plants
and technology implementation are also hampering the coal liquefaction market.
More
Trending Reports
In terms
of region, owing to technological advancements and geological characteristics
of North America, surplus amounts of coal mining is leading to an increase in
demand for coal liquefaction market. Countries in Asia Pacific such as India,
China, Japan, and Australia produce high quality and surplus amount of coal.
The market for coal liquefaction in Asia Pacific is anticipated to expand
significantly in the near future. Countries in Europe such as the U.K. and
Germany have increased coal mining. This is likely to boost the coal
liquefaction market in the region. Demand for coal liquefaction is expected to
increase substantially in Mexico in Latin America. Demand for coal liquefaction
is also anticipated to rise in Africa, especially in South Africa, due to the
increase in coal mining activities.
Key
players operating in the coal liquefaction market include Chevron Corporation,
Pall Corporation, Shenhua Group, Yankuang Company, and Jincheng Anthracite
Mining Group.
Buy Now
https://www.transparencymarketresearch.com/checkout.php?rep_id=35117<ype=S
Comments
Post a Comment