August 6, 2009 |
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NAS Urging Government CTL Support An early draft of a new report from the National Academy of Sciences (NAS) urges the federal government to ramp up funding to support the development and deployment of technologies that can help transform coal into liquid transportation fuels. Liquid Transportation Fuels from Coal and Biomass concluded that the abundance of coal and biomass in the US make both of them "attractive candidates to provide non-oil-based liquid fuels for the US transportation system." Alternative liquid transportation fuels from coal and biomass have the potential to play an important role in helping the US to address issues of energy security, supply diversification, and GHG emissions. Ultimately, the report predicts that CTL plants could replace up to 3 million b/d of gasoline equivalent by 2035. The US currently consumes about 20 million b/d of oil, relying on imported oil for 12 million barrels. The report concluded that CTL fuels can emit fewer GHG life-cycle emissions than conventional gasoline, by using biomass feedstock, with further reductions possible by capturing and storing CO2 emissions. To help expedite domestic CTL production, the report calls on the federal government to partner with industry to launch an aggressive program to build three to five commercial-scale CTL demonstration plants. -Zeus Syngas Refining Report
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- 2010-10-19 October 19, 2010 Notice to Shareholders available under Investors (News Releases).
- 2010-10-06 Prof. Frank Clemente, "the world is turning to coal," by 2030, coal consumption will have increased by 53% and coal-fired power generation by 85%. Coal will account for 48% of global incremental electricity generation over the next 20 yrs.
- 2010-10-07 According to a report by China's Xinhua News Agency, China is expected to have the world's largest coal-conversion industry by 2020.
