NRG Expert’s coal and clean coal market research report provides a comprehensive overview and analysis of the global coal and clean coal market. It provides a detailed analysis of key coal prices, coal companies and coal mining. It evaluates coal technology, and provides coal industry forecasts and much more.
Coal demand is expected to grow, but not at the same pace as China and India, due to rising natural gas prices. Traditional coal-fired power plants will continue to be phased out and replaced with modern plants with low emissions and some form of carbon capture and storage. The biggest investors in CCS are and policies covering CCS are starting to emerge. However, to date, the sector is not eligible for carbon credits and very few demonstration projects are in operation. Thus, an alternative to CCS in the short-term could be co-firing power plants with both coal and biomass, as the biomass proportion of the plant may be eligible for subsidies and count towards renewable energy targets. Plus plant owners could buy in more of one fuel than the other, depending upon prices, to reduce costs.
In the near and long-term India, China and perhaps Brazil are expected to drive growth for coking coal for the domestic steel sector following projections of strong growth in steel production and consumption in these countries. Demand for coal will be driven more by China than India, in the former coal will be increasingly used to produce a liquid fuel and chemicals such as olefins, a long-chain polymer synthetic fiber, to reduce the country’s reliance on imports.
Australia, Indonesia and South Africa are expected to remain as major exporters, with growth in exports from Russia, Mongolia and other countries in the region to meet demand from China and, to a lesser extent, India.
For more information, Please see the following report: https://www.nrgexpert.com/energy-market-research/coal-and-clean-coal-report/
