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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 to 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.
It is worth noting that though the advancements in coal clean technologies shall benefit the end-user industries in several ways, their implementation would require substantial upfront investments and current operational costs. These technologies create revenue streams for end-user industries and reduce their environmental impact.
In this blog, various types of clean coal technology will be discussed. They are -
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/