SAC Presentation: The Future of Coal
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Transcript of SAC Presentation: The Future of Coal
S
The Future of CoalDepends on Coal to Liquid Fuels and High Value Byproducts
Coal’s Image
Coal has been successfully demonized by wind, solar, gas, and nuclear
The average American does not realize how little coal pollutes compared to just 10 years ago
Many Americans still believe that Global Warming is a concern and that coal helps cause Global Warming.
Going Green
Legislation against coal will not stop because most legislators are out of touch with how rising energy costs affect the economy
Rather than fight the green economy Coal needs to become part of it and solve the bigger problems of energy independence and energy security.
Transportation
Transportation is vital to modern America Mass transit is fuel efficient but not convenient What is to be saved in conservation with higher
mileage cars is negated by more travel via less cost $/mile
Energy Density
Fuel Energy/kilogram Gasoline 46 MJ/kg Lithium Battery 1.8 MJ/kg Nickel Hydride Battery 0.288 MJ/kg
Electric Cars
Americans have come to expect economical performance from their cars. Electric cars provide worse performance for more cost.
Electric cars still use electricity which is generated from traditional fossil fuel sources.
Natural Gas
Natural Gas is at its lowest price because it is not being exported in mass quantities
Once LNG shipping facilities start coming online in 2016 Natural Gas prices will rise
Energy costs will start to rise in 2016 as many older coal power plants are phased out and Natural Gas rises in cost
After the War on Coal
Coal has rebounded remarkably so far in 2013 making up a lot of its market share it lost from 2010 to 2012
But……more and new regulatory burdens make it difficult to maintain profit margins and keep operating efficiently
The outlook on coal fired electrical power generating plants is bleak because of the demonization of the technology
Coal Needs a New Image
The Sustainable Abundance Foundation can not only help coal’s image, but help to make the coal industry more profitable and more environmentally friendly
The more the coal industry is perceived to be environmentally friendly the less rules and regulations it will be burdened with
Thorium
Thorium Energy Technology provides a path for coal to gradually transition from electricity generation to liquid transportation fuel production
Thorium Energy Technology has the potential to significantly add to coal company’s bottom line
Technologies
There have been many recycling technologies developed for coal ash and individually they are in large part not economically feasible
We believe that with the development of Thorium as a power generating feedstock for a MSR that comprehensive coal ash reclamation and benefaction is economically feasible
Uranium Extraction from Ash
Extracting Uranium from coal fly ash is a well proven technology but has never been economically viable on a commercial scale
Thorium has never been extracted from ash because there is currently no market for Thorium as a nuclear fuel
There is roughly 2.5 times the amount of Thorium in coal fly ash as there is Uranium (Alex Gabbard ORNL article 1993)
Thorium as a Fuel Source
If Thorium becomes a nuclear fuel source this would dramatically change the feasibility of recycling coal fly ash
Thorium can produce electricity very cheaply. We conservatively estimate electricity can be produced at a price half that of coal
This would mean the plasma gasification of coal could be very inexpensive
Plasma Gasification
If coal can be cheaply gasified into Syngas from the Thorium generated electricity found in coal fly ash… then there exists the possibility of economic feasibility of the conversion of coal to gasoline.
Even coal ash itself contains organics that can be plasma gasified and make Syngas
SynGas
Syngas can be utilized in many ways It can be cleaned and used as synthetic Natural
Gas and burned in a natural gas peaker plant or combined cycle natural gas plant
It can be made into highly valuable methanol, gasoline, diesel fuel, and fertilizer
Plasma Gasification Slag
Concentrates Uranium and Thorium In 1959 ORNL developed a process for removing
Uranium from slag We hope the process can be adapted for removing
Thorium from the slag
Coal and Fly-Ash to Liquid FuelsThe energy content of nuclear fuel released in coal combustion (in coal fly ash) is much more than that of the coal consumed in the electrical generation process when both Uranium and Thorium is considered.
More Revenue Streams
Start with Coal or Fly-ash
Plasma Gasification
Creation of Synthesis Gas
Creation of Thorium and
Uranium enriched slag
Dapex process
Liquid Transportation fuels
Uranium and Thorium Fuel
Create Electricity to Power Process
Synthetic Natural Gas for heat or electricity
Electricity SalesMedical Isotopes
TitaniumIronAluminumVanadium$ $
$$
$Uranium Yellow Cake Sales
$
Plasma Gasification Versatility
An affordable energy source for plasma gasification opens up numerous possibilities
Gasification of landfill waste, biomass, sewage, toxic compounds all converted to SynGas
The Coal / Thorium fuel cycle could help clean the environment many times over compared to renewables
Thorium Development
Thorium Energy development is vital to the future of the coal industry, our environment, and national security
Many other advantages exist for the coal industry in helping to develop Thorium energy technology such as: Conversion of coal to SynGas is much cheaper in pipelines than physically hauling coal by rail, truck, or ship
SynGas power plants are cheaper, more versatile, cleaner, and more efficient.
Sustainable Abundance Foundation
We would like to form a research and development partnership with the Ohio Coal Association with the expressed purpose of developing mutual beneficial technologies for the Coal/Thorium fuel cycle
We believe it would be in the best interest of the Ohio Coal Association to ascertain the economic feasibility of transitioning coal longterm with Thorium energy.