Sustaining the coal export boom
The US coal industry, with help from the Commerce Department and other agencies is taking steps to improve the export market for coal as countries around the world begin shifting from oil. Market profiles, trade missions, and export programs are part of the cooperative effort to meet the growing worldwide demand for steam coal, which is now significantly cheaper than oil for large facilities. Industrial allies at the 1979 Tokyo Summit agreed to facilitate coal use by helping to develop markets and export capability. The US is slated to supply 38% of the world steam-coal market by 2000; a price spread of 10% is anticipated. The immediate barrier to expanding US steam-coal trade is, of course, the limited capacity to store and load coal at the ports. Presently under construction is handling capacity for 23 million tons per year of new coal, and there are plans for 160 million tons per year of added new capacity. (DCK)
- OSTI ID:
- 6529376
- Journal Information:
- Bus. Am.; (United States), Journal Name: Bus. Am.; (United States) Vol. 4:11; ISSN BUAMD
- Country of Publication:
- United States
- Language:
- English
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