Abstract
Coal is a versatile resource that has historically propelled the Industrial Revolution, transportation, and energy generation, and continues to meet needs for power. The United States possesses the largest worldwide coal reserves (with a 2019 total production-to-recoverable-reserves ratio of 0.05) that are of high quality and are cost-effective to recover (i.e., $0.03/kg–$0.10/kg). However, the demand of coal for power generation has declined because of a shift to natural gas (because of lower natural gas prices) and to renewable energy sources. This decline has affected the economic viability US coal industry. Historically, domestic demand for coal was driven mostly by the electric power sector, which accounts for about 93% of the total demand, followed by industrial uses (primarily for cement and chemicals at a minimal level) and steel production (coke). The complex, dense carbon chemical structure of coal, abundant domestic supply, and stable, low price gives it great potential for use in a wide range of value-added non-fuel coal products (e.g., nanomaterials at $20,000/kg–$100,000/kg and commercial-grade carbon fiber at $22/kg–$33/kg), as well as in upgraded coal fuels.
| Original language | English |
|---|---|
| Place of Publication | United States |
| DOIs | |
| State | Published - 2021 |
Keywords
- 01 COAL, LIGNITE, AND PEAT
- 32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION