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Charles (Chuck) Gounaris of CoalStar Industries, Inc., discussed their process for the direct conversion of coal-to-liquid fuels. This process is more economical and environmentally-friendly than other processes currently used. A unique approach allows a minor capital investment and the production of coal crude oil. Revenues generated by the initial investment then can be used to fund the further refining. There were developments this week for several major projects. Dow and Shenhua submitted plans yesterday to the Chinese government for a coal-to-chemicals plant in Yulin, Shaanxi province. Production will be 3.3 mty of methanol, ethylene and propylene. The Baard Energy plant in Wellsville, Ohio has $2.5 billion in funding from outside investors. One crane is in place and land clearance is expected in the spring. Environmental permits have been issued after three years of litigation. Products will be diesel fuel and chemicals. The plant will employ 400 people with 4,000 used during construction.
Revision Date: 11/4/2010
Tags: 211111 - Crude Petroleum and Natural Gas Extraction 原油和天然气开采, CoalStar, Liquefaction System