close

Enter

Log in using OpenID

Underground Coal Gasification Market Value Share, Analysis and Segments 2014 - 2020 by Future Market Insights

embed
Global energy demand had seen an exponential growth over the decade due to changing lifestyle. At the time when natural gas prices witnessing fluctuation and coal resources are depleting, the world is witnessing a significant gap between demand and
Asia-Pacific
Underground Coal
Gasification Market
Share, Asia-Pacific Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2014 - 2020
Future Market Insights
www.futuremarketinsights.com
[email protected]
Report
Description
Report Description
Global energy demand had seen an exponential growth over the decade due to changing
lifestyle. At the time when natural gas prices witnessing fluctuation and coal resources are
depleting, the world is witnessing a significant gap between demand and supply of energy.
Though as per World Coal Association, global coal reserves are estimated to be 861 tonne and
accounts to 42% of total world electricity production; the year on year growth for coal
consumption was highest in FY 2013, making it the highest since 1970. The demand for coal
consumption is increasing every year thereby leading to depletion of coal reserves at an
alarming rate. Moreover, most regions are economically unviable to extract coal from its bed. It
is due to this reason that companies are looking for alternative solution that can lead to
harnessing the total potential of coal, without disturbing the ecological balance.
Underground coal gasification (UCG) is an industrial process by which coal is gasified under
intense heat and atmospheric pressure. This enables the production of synthetic gas,
constituents of carbon monoxide and hydrogen, which are extracted through a well and utilized
in various sectors, ranging from power generation to biodiesel and fertilizer production. Though
this concept is not new to the market, little progress has been achieved in this sector, primarily
due to low R&D. However, with growing energy consumption and fluctuating oil prices,
industries are focusing on UCG to offer clean, efficient and cost-effective energy to various
industries.
Report
Description
Report Description
Browse Full [email protected] http://www.futuremarketinsights.com/reports/asia-pacific-undergroundcoal-gasification-market
Asia-Pacific is projected as the largest market for underground coal gasification over the next 5
years due to impressive growth in end-use industries ranging from power to chemicals. China
along with India, and Australia are key markets for underground coal gasification projects. China
is the largest producer as well as the largest consumer of coal based energy. It consumes almost
half of the total coal production to meet its energy demand. China has conducted 17 UCG trials
since 1991 to check the economic viability of UCG. Major power generating enterprise Sino
Coking Coal is planning to harness coal reserves in Henan Province which was abruptly shut
down because of strict environmental compliance set up by Chinese government. UCG is an
environmental friendly approach that empowers companies to scale high power generation.
With world’s most populated country, China offers a vibrant platform for energy sector
companies to set up their base in China and thereby meet the growing demand of energy in
China. Recently, China signed a whooping US $ 1.5 billion major pact with UK for commercial
development of UCG in interiors of Mongolia.
Next prominent market is India. In India, mining contributes 10% of India’s GDP. With vast coal
reserves, India is looking towards harnessing coal without disturbing ecological balance. There
are also some sites which are economically nonviable to mine.
Report
Description
Report Description
Though India’s untapped 88.6 billion tonnes of non-metallurgical coal is found at a depth of 300
to 1200 meter is economically nonviable; UCG makes it economically sound option. Coal India
Limited is trying to push the UCG technology to harness the coal in Kaitha (Jharkhand) and
Thesgora (Madhya Pradesh) area. These two promising region is expected to generate high
return on investment (ROI) by FY 2025.
Request For [email protected] http://www.futuremarketinsights.com/toc/rep-ap-173
Next prominent destination is Australia. In Australia, most companies are undertaking R&D to
fully harness the concept of UCG. At present, three major UCG trials is being conducted by Linc
Energy, Cougar Energy, and Carbon Energy at Queensland. Australian government is paying a
vigil eye on these projects until the technology is commercially proven.
Sino Coking Coal, Cougar Energy, Carbon Energy, Linc Energy, and ONGC are key market players
that have conducted pilot projects on UCG technology.
Future is optimistic for underground coal gasification. With major innovations going around
globally, it is expected to meet the needs of people in oil shortage region. Regions including
APAC, and Africa will be a future market for underground coal gasification segments.
About Us
Report
Description
Future
Market
Insights
Future Market Insights (FMI) is a premier provider of syndicated
research reports, custom research reports, and consulting services.
We deliver a complete packaged solution, which combines current
market intelligence, statistical anecdotes, technology inputs, valuable
growth insights, aerial view of the competitive framework, and
future market trends.
We provide research services at a global as well as regional level;
key regions include GCC, ASEAN, and BRIC.
Research Capabilities
Customized Research
Syndicated Research
Investment Research
Social Media Research
Sector Coverage
Automotive and Transportation
Electronics, Semiconductor, and ICT
Retail and Consumer Products
Industrial Automation and Equipment
Chemicals & Materials
Food and Beverages
Services and Utilities
Energy, Mining, Oil, and Gas
Thank You!
To know more about us, please visit our website:
www.futuremarketinsights.com
For sales queries or new topics email us on:
[email protected]
For other queries contact: Mr. Sudip Saha
Future Market Insights: 616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989, United States
1/--pages
Report inappropriate content