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Old 08-30-2009, 01:59 AM
Sparty Sparty is offline
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Default Coal to Oil - UCG-GTL a better way

The article reproduced below was written several years ago and appears to have been recently updated.

IMO it is a valuable reminder that coal to oil has been a practical solution for the production of oil for many decades... albeit with some environmental consequences.

Here in Australia we have established a new technology that mitigates much of the environmental consequences and provides a pathway to clean coal technology that is cost efficient. The breakthrough has come courtesy of a small Australian company that was the first in the world to show that Underground Coal Gasification could be combined with a Gas to Liquids process to produce oil from coal. If you are interested in this energy revolution please vist ww.UCG-GTL.com to get an overview and to explore the investment opportunties.



Not only does the process allow for greatly reduced pollution arising from processing the coal the oil and diesel that it outputs is also ultra-clean with very little in the way of particles...

Why Doesn’t The Us Make Oil From Coal, South Africa’s Been Doing This For Years. Don’t We Have A lot Of Coal ?

SECUNDA, South Africa — Every day, conveyor belts haul about 120,000 metric tons of coal into an industrial complex here two hours east of Johannesburg.
The facility — resembling a nuclear power plant, with concrete silos looming over nearby potato farms — superheats the coal to more than 2,000 degrees Fahrenheit. It adds steam and oxygen, cranks up the pressure, and pushes the coal through a series of chemical reactions.
Then it spits out something extraordinary: 160,000 barrels of oil a day.
For decades, scientists have known how to convert coal into a liquid that can be refined into gasoline or diesel fuel. But everyone thought the process was too expensive to be practical.
The lone exception was South Africa, a one-time pariah state that had huge reserves of coal and, thanks to anti-apartheid sanctions, limited access to foreign oil. Sasol Ltd., a partly state-owned company, built several coal-to-liquids plants, including the ones at Secunda, and became the world’s leading purveyor of coal-to-liquids technology.
Now, oil prices are above $70 a barrel, and Sasol has emerged as the key player at the center of the world’s latest alternative-energy boom.
China is building a coal-to-oil plant costing several billion dollars in Inner Mongolia and may add as many as 27 facilities — including some with Sasol’s help — over the next several years, according to a recent tally by Credit Suisse. Read full article

 

Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. Comments on this forum should never be taken as investment advice.

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cgx, coal to liquids, lnc, sys, ucg-gtl, underground gasification

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