Procurement Resource Analyses the Production Cost of Coal Liquefication in its New Report
Analyses Overview of The New Production Cost Report of Coal Liquefication
The new report by Procurement Resource, a global procurement research, and consulting firm, looks in-depth into the costs involved in the production of Coal Liquefication. The comprehensive report analyses the production cost of the material, covering the raw material costs and co-product credit, equipment costs, land and site costs, labour wages, maintenance costs, financing charges, and depreciation costs. The extensive study describes the stepwise consumption of material and utilities along with a detailed process flow diagram. The report also assesses the latest developments within the industry that might influence Coal Liquefication production costs, looking into the capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Product Definition:
Coal liquefaction is the process of turning coal into liquid hydrocarbons such as petrochemicals and liquid fuels. The primary goal of coal liquefaction is to generate and produce synthetic oil, which may be used as a partial alternative for aromatic hydrocarbons. They are employed in the organic chemical sector as feedstock.
Factors Impacting the Coal Liquefication Production Cost:
The coal to liquid fuel market is driven by abundant coal availability, deteriorating petroleum reservoir levels, increased awareness of technical expertise related to the conversion process among industrialists, and the growth of the transportation sector in developing countries such as India and China. Because synthetic fuels made from coal conversion are cleaner (more environmentally friendly) than those made from natural reservoirs, demand for coal liquefaction has grown, thanks to widespread governmental backing throughout the world. These factors are expected to impact the production cost of Coal Liquefication.
Procurement Resource Assessment of Coal Liquefication Production:
The production cost report by Procurement Resource assesses the production cost of coal liquefaction from direct liquefaction and indirect liquefaction. In the production process of coal liquefaction from direct liquefaction, coal is exposed to hydrogen at 450 °C along with high pressure for one hour in the presence of recycled solvent and an iron-based catalyst. It results in the break-down of the hydrocarbon structure of coal from solid to liquid form. It undergoes intensive upgrading to produce consumable oil. Likewise in the production process of coal liquefication from indirect liquefaction, coal is converted into synthesis gas or syngas, a mixture of CO and H2 gas, which is further converted into light hydrocarbon fuels such as diesel and gasoline using any of the three methods: Fischer–Tropsch synthesis, methanol synthesis, and methanation.
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Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. Our team of highly seasoned analysts undertake extensive research to provide our customers with the latest and up-to-date market reports, cost-models, price analysis, benchmarking, and category insights, which aid in simplifying the procurement process for our clientele. We work with a diverse range of procurement teams across industries to get real-time data and insights that can be effectively implemented by our customers. We also track the prices and production costs of an extensive range of goods and commodities, thus, providing you with the updated and reliable data. We, at Procurement Resource, with the help of the latest and cutting-edge techniques in the industry, help our clients understand the supply chain, procurement, and industry climate, so that they can form strategies which ensure their optimum growth.
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