3 ms·
So many wrong points here. The coal to liquid (CTL) process looks good on paper up until it isn't. Like you mentioned, it requires a lot of energy, energy which
by fakedang 1y ago
So many wrong points here. The coal to liquid (CTL) process looks good on paper up until it isn't. Like you mentioned, it requires a lot of energy, energy which most countries cannot afford to divert. There's no point in using nuclear or renewables for CTL when SABIC can simply undercut you on price by 10x or more.
> There are estimates that liquid fuel produced from coal can compete with oil when oil cost is 80-100 USD/barrel.
Oil is currently at 61-65 USD per barrel, with OPEC ensuring it stays that way because even they know it's only going to fall from there. Even the 61-65 USD price point leaves a bad taste in their mouths.
> In fact with renewables and storage leading to cheaper electricity, the price competitiveness of coal-based liquid fuels will only get better.
No, with renewables and storage offering cheap electricity, oil also gets cheaper!
In fact, I'd argue that CTL is something only countries with extremely abundant domestic reserves of coal can do - China, South Africa and Australia. In fact, nearly every planned CTL plant has been delayed or scrapped in the US as infeasible.