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When is the liquefaction of coal economic. [Including safe and secure supplies, low interest, multiplier effect of money spent inside the country, employment, etc]

Journal Article:

Abstract

Usually the commercialization of a technology is determined by the economic viability. However, looking at coal conversion we recognize that there is also a strategic factor to be considered. Before entering into what is almost a political debate about the strategic value of coal conversion, let us look at the economic data. Table 2 shows specific cost numbers for coal gasification, coal liquefaction and electricity from coal. When the total cost of the different fuels is calculated with capital charges as would be required by private industry, one would arrive at indeed high figures, high compared to the present day cost of liquid energy. However, in the capital intensive electricity industry, capital can be accounted for on a capital charge basis of 7 to 17%. If this type of soft financing is applied to coal, coal liquids and coal gas, the figures already become much more attractive. Money internally spent within a country will turnover a few times. This is described by economists as the effect of the multiplier. To even further improve the prospects of home-made liquids one can add the value of avoiding unemployment. A labor intensive industry like the coal gasification and liquefaction industry may give a  More>>
Authors:
Publication Date:
Sep 01, 1980
Product Type:
Journal Article
Reference Number:
EDB-81-043162
Resource Relation:
Journal Name: Mine Quarry; (United Kingdom); Journal Volume: 9:9
Subject:
01 COAL, LIGNITE, AND PEAT; COAL LIQUEFACTION; COMMERCIALIZATION; ECONOMICS; CHARS; COAL GASIFICATION; FISCHER-TROPSCH SYNTHESIS; GASIFICATION; HYDROGEN PRODUCTION; HYDROGENATION; PYROLYSIS; RESIDUES; SYNTHESIS GAS; THERMAL EFFICIENCY; CHEMICAL REACTIONS; DECOMPOSITION; EFFICIENCY; FLUIDS; GASES; LIQUEFACTION; PYROLYSIS PRODUCTS; THERMOCHEMICAL PROCESSES; 010405* - Coal, Lignite, & Peat- Hydrogenation & Liquefaction; 015000 - Coal, Lignite, & Peat- Economic, Industrial, & Business Aspects
OSTI ID:
6653425
Country of Origin:
United Kingdom
Language:
English
Other Identifying Numbers:
Journal ID: CODEN: MQRYA
Submitting Site:
TIC
Size:
Pages: 62, 64, 66
Announcement Date:

Journal Article:

Citation Formats

Not Available. When is the liquefaction of coal economic. [Including safe and secure supplies, low interest, multiplier effect of money spent inside the country, employment, etc]. United Kingdom: N. p., 1980. Web.
Not Available. When is the liquefaction of coal economic. [Including safe and secure supplies, low interest, multiplier effect of money spent inside the country, employment, etc]. United Kingdom.
Not Available. 1980. "When is the liquefaction of coal economic. [Including safe and secure supplies, low interest, multiplier effect of money spent inside the country, employment, etc]." United Kingdom.
@misc{etde_6653425,
title = {When is the liquefaction of coal economic. [Including safe and secure supplies, low interest, multiplier effect of money spent inside the country, employment, etc]}
author = {Not Available}
abstractNote = {Usually the commercialization of a technology is determined by the economic viability. However, looking at coal conversion we recognize that there is also a strategic factor to be considered. Before entering into what is almost a political debate about the strategic value of coal conversion, let us look at the economic data. Table 2 shows specific cost numbers for coal gasification, coal liquefaction and electricity from coal. When the total cost of the different fuels is calculated with capital charges as would be required by private industry, one would arrive at indeed high figures, high compared to the present day cost of liquid energy. However, in the capital intensive electricity industry, capital can be accounted for on a capital charge basis of 7 to 17%. If this type of soft financing is applied to coal, coal liquids and coal gas, the figures already become much more attractive. Money internally spent within a country will turnover a few times. This is described by economists as the effect of the multiplier. To even further improve the prospects of home-made liquids one can add the value of avoiding unemployment. A labor intensive industry like the coal gasification and liquefaction industry may give a boost to the number of jobs and as a result have even another additional value to the country involved. Such an analysis leads to the conclusion that coal gasification and liquefaction could develop as a utility type industry under rather tight Government control. This has its strategic advantages with respect to stability and security of supply. On the other hand it may discourage private industry from getting involved in this business. Much will therefore depend on the political decision making process and that maybe is one of the biggest unknowns left in answer to the question when coal conversion will become of economic significance.}
journal = {Mine Quarry; (United Kingdom)}
volume = {9:9}
journal type = {AC}
place = {United Kingdom}
year = {1980}
month = {Sep}
}