June 24, 2008
Underground Coal Gasification (UCG) Potential Eases Peak-Coal Fear, Conference to Discuss
Peak coal could occur worldwide as early as 2025 at total recoverable reserves of 6.4 billion tons in one estimate and in 2030 at 8.3 billion tons in another forecast. The concept of peak coal is as real as peak oil or peak natural gas.
At least 20 nations including the UK, Germany and Japan have already passed peak coal. Some major coal-producing nations have a relatively young coal industry that is only in the beginning of their production curves.
Some analysts are pessimistic about future world coal production, while strong arguments are also made that world coal resources and production potential are underestimated. Underground coal gasification (UCG) can remove the uncertainty.
UCG will develop more global reserves using in-situ conversion of stranded coal deposits into power, fuels, chemicals and other products. Nearly 85% of known coal reserves are unmineable with surface mining techniques, but UCG is producing fuels and hydrocarbon feedstock today from unrecoverable coal deposits.
Countries are turning to UCG to fully utilize their coal resources in an economically viable and environmentally acceptable manner. Using UCG technology even without a CCS plan could also be eligible for carbon credits.
UCG will be needed to ensure there is enough reliable supply for power generation and transportation fuels. UCG can also easily be converted to substitute natural gas for use in chemical and fertilizer production.
The technology allows nations that are endowed with coal to use this resource as a strategic energy base for industrial expansion and to disconnect from the world's crude-oil-based system that is dictating the price of fuel.
Join SYNGAS Refiner (published by Zeus Development Corp) for the Underground Coal Gasification 2008 Conference, July 16 & 17 in Houston, to discuss the challenges and benefits of accessing stranded coal as well as an overview and analysis of project developments and technology advancements. Details online at www.SyngasRefiner.com/UCG.
Contact Alex Cornitius Email Contact 713-952-9500
SOURCE: Zeus Development Corp