April 30, 2009 |
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In this update:
EIA predicts domestic CTL production to begin in 2011 The outlook forecasts that production of domestic CTL fuels will increase annually by an average of 19 percent through 2030. By 2030, EIA predicts that U.S. CTL production will stand at 300,000 barrels per day. In addition, the outlook also predicted that 21 million tons of additional annual coal production will be needed by 2030 to support domestic CTL production. According to the outlook, almost half of the coal production growth predicted for Western states will be needed for use in CTL production. More information is available here. Senate Budget Committee Amendment Designed to Provide DOD with Domestic Alternative Fuels
"By creating a domestic fuels reserve fund, my amendment will make sure the Department of Defense has the ability to purchase a clean, cheap, and secure source of domestic fuel," said Bunning in a March 26 statement. "As the price of oil once again starts to climb we need to provide a safety net for our military so that they will have a stable fuel supply regardless of the politics of oil." Bunning said his amendment will "help create more jobs at a time when our economy is hurting and many Americans are struggling to find work." He noted that the military is the largest single fuel purchaser in the country "and its support will help develop a domestic alternative fuel industry. Become a CTL grassroots supporter The Coal-to-Liquids Coalition is working to build a strong network of grassroots supporters willing to contact federal and state lawmakers to voice their support for measures meant to spur the domestic production of affordable, clean-burning CTL fuels. CTL grassroots supporters can include company employees, union members, retirees, their families, friends and others spread across the country who share a personal stake in the successful launch of a domestic CTL industry. A robust CTL grassroots network can be an invaluable tool in helping to increase the bipartisan support for legislation designed to jumpstart the production of ultra-clean CTL fuels. To become a grassroots supporter visit: http://capwiz.com/futurecoalfuels/home/.
As CTL fuel developments transpire, be sure to regularly visit FutureCoalFuels.org for the latest news and information and learn how you can help strengthen America's energy future. |
- 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.
- 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.