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FMI Market Report: Clean Coal Technology’s Impact on Emissions Reduction

Jan 18, 2023 | Oil and Gas |

According to Future Market Insights, an ESOMAR-certified market intelligence firm, the global demand for clean coal technology is expected to reach $3.8 billion by 2022, exhibiting growth at a CAGR of 4% during the forecast period 2022-2032.

Clean coal technologies are advanced coal utilization methods of the next generation that aim to improve the environmental acceptability and efficiency of coal mining, preparation, and use. Thus, companies are focusing on sophisticated CO2 reduction strategies to reduce emissions and dispel clean coal illusions.

In this blog, various types of clean coal technology will be discussed. They are -

  • Capture and Separation of Carbon Dioxide - Several methods are used for capturing carbon dioxide from the gas streams, but none of them has been optimized at the scale needed in coal-burning power stations. Historically, the emphasis has been on acquiring pure CO2 for industrial applications rather than lowering CO2 levels in power plant emissions.
  • Carbon Sequestering Technology Will Gain Traction - Early breakthroughs in carbon capture and storage (CCS) focused on a single source connected to a specific storage location. An emphasis on hubs that combine, dehydrate, as well as transport CO2 fluxes from various sources, has emerged as a result of economies of scale. Also, coal seams are another way to sequester CO2 and use it for other purposes.
  • Coal Gasification Technology Will Help Carbon Be Converted into Syngas - Coal gasification has been around for a long and is considered an effective clean coal technology. It anticipates that the coal gasification process will be utilized more frequently for the manufacture of chemical raw materials and electricity, particularly because it offers clean coal technology with greater energy efficiency.

Conclusion – New methods for using coal called “clean coal technologies” are intended to increase the efficiency as well as acceptability of coal mining, preparation, and usage from an environmental standpoint and metal-organic frameworks (MOFs) also have the ability to absorb CO2.

This blog was originally published in POWER MAGAZINE (News & Technology for the Global Energy Industry). To read the complete blog follow this link https://www.powermag.com/blog/fmi-market-report-clean-coal-technologys-impact-on-emissions-reduction/