19 December 2019
The Coal to Liquid (CTL) Market Report 2020-2030: Forecasts by Technology (Direct Liquefaction, Indirect Liquefaction), by Product (Diesel, Gasoline), By Application (Transportation Fuel, Cooking Fuel, Lubricants, Synthetic Waxes, Others), by Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa), and analysis of leading companies operating in this industry.
The global market size of coal to liquid is expected to exceed USD 6 billion by 2030. During the forecast period, the CTL market is expected to expand further at a CAGR of 5 per cent. The key factor responsible for the introduction of CTL engineering is growing reliance on natural gas and crude oil for the development of transport fuels along with stable or slowly declining supplies as per the current industry scenario. It is further estimated that increasing crude oil or natural gas processing costs would drive demand for the CTL system.
In the near future, several CTL projects will be marketed with anticipation of incentives for prolonged efforts to convert coal into low-sulfur, ash-free transport fuels and eventually domestic gaseous fuels. The key factors driving the global CTL market are technological advances coupled with sustained growth in the demand for transportation of liquid fuels. There are twenty active CTL facilities worldwide in the current industry scenario. With an increase in gas prices, the replacement of dry coal natural gas for use in natural gas-fired power generation plants tends to be considerably economical.
The conversion of coal to clean gaseous or liquid fuels will also require technologically advanced fuel cells and combined cycle power generation operations. In the coming years, liquid syngas-derived products are expected to capture higher market share. Easy availability of advanced and process-specific catalyst allowed higher hydrocarbons and oxygenates, like methanol, to be generated. It is anticipated that fuel products generated from synthetic gas would gain greater significance in the near future. Such materials are valuable for additives from commodities and are also used as travel fuels.
In turn, they can be used in the manufacture of storable additional fuel for IGCC power plants. The Fischer Tropsch method is the industry's most commonly employed form for carbon synthesis. The reactions and syngas performance polymerization are known to be higher and alterable as per specific requirements for manufacturing a wide range of products, such as paraffin waxes, hydrocarbon gases, and oxygenates. Direct Coal Liquefaction (DCL) is commonly used in many CTL plants for different applications. The products manufactured using this system can be optimized to fulfill most of the existing travel fuel requirements.
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