page 1 page 2 page 3 page 4 page 5 page 6 page 7 page 8 page 9 page 10 page 11 page 12 page 13 page 14 page 15 page 16 page 17 page 18 page 19 page 20 page 21 page 22 page 23 page 24 page 25 page 26 page 27 page 28 page 29 page 30 page 31 page 32 page 33 page 34 page 35 page 36 page 37 page 38 page 39 page 40 page 41 page 42 page 43 page 44 page 45 page 46 page 47 page 48 page 49 page 50 page 51 page 52 page 53 page 54 page 55 page 56 page 57 page 58 page 59 page 60 page 61 page 62 page 63 page 64 page 65 page 66 page 67 page 68 page 69 page 70 page 71 page 72 page 73 page 74 page 75 page 76 page 77 page 78 page 79 page 80 page 81 page 82 page 83 page 84 page 85 page 86 page 87 page 88 page 89 page 90 page 91 page 92 page 93 page 94 page 95 page 96 page 97 page 98 page 99 page 100 page 101 page 102 page 103 page 104 page 105 page 106 page 107 page 108 page 109 page 110 page 111 page 112 page 113 page 114 page 115 page 116 page 117 page 118 page 119 page 120 page 121 page 122 page 123 page 124
|
""8 nations are industrialised andenterprising. For developed and emergingcountries, energy consumption simplycomes with the territory. Today, alternativecleaner coal technologies are emerging and necessary.Now being explored, these new technologies arecreating a new wave of industrialisation for aprosperous and greener energy future.Members of the G8 uniquely understand the need forindustry. Industry underpins economies. If industriesfail, economies fall. Cast back to the year 1973. It wasat this time the G8 formed after an oil crisis gave way to a subsequent global recession. Today, G8discussions focus on topics including health, lawenforcement, labor, economic and social development,foreign affairs, justice and interior, terrorism, andtrade. Interestingly, they also focus on energy and theenvironment.Throughout the course of history, coal has been adriving force behind the industrialisation, developmentand modernisation of nations. Economicallyrecoverable world coal reserves, identified across 70countries, are estimated to be in the order of 850billion tonnes. At today's current production rates, thisis believed to last for the next 150 years1. As concernsare raised about the use of coal in a now carbonconscious era, alternative cleaner coal technologies areemerging with solutions to provide environmentallyfriendly and cost efficient energy.As the demand for and cost of traditional energysources rise, developed and emerging nations are nowlooking for new alternatives to use coal to fuel theireconomies. Even developing nations are catching on.Energy alternatives that can offer cleaner energysolutions are a must for the future. One technology inthe spotlight is Underground Coal Gasification, orUCG. UCG accesses deeper coal while it still lies underthe ground. This technology offers countries with coalresources a significant means to secure their ownenergy futures, and in this, their economic prosperity.Some of the world's biggest economies have a greatdeal of coal. Take the United States and Russia as anexample. Between them they have close to half of theworld's known recoverable coal reserves, accountingfor around 44 per cent, or just over 400 billion tonnesof coal2. The World Energy Council suggests that UCGcould potentially increase known world coal reservesby 600 billion tonnes3. With the application of UCG,countries with coal now have a unique opportunity toaccess an abundant source of cleaner energy.Linc Energy is the world's leading UCG company.Based in Brisbane, Australia, the company hasconstructed the world's first UCG to Gas to Liquids(GTL) demonstration facility for the production ofcleaner energy solutions. UCG synthesis gas is an idealfeedstock for the GTL process to produce cleanerdiesel and jet fuel. It is also an ideal feedstock for gasturbine power generation. There is no doubt there is agrowing international interest in UCG. The UnitedStates, China and India are all interested in thetechnology and how it can play a role in securingcleaner energy for the future.UCG is a form of coal extraction and works by drilling aseries of wells deep into the coal seam. An oxidantsuch as air or oxygen is then injected. The coal isheated to 1,200 degrees centigrade. Heat, pressureand water from the coal seam then work to convert thesolid coal to a gas. The technology is recognised as an additional andNEW ENERGY FOR CLEANER INDUSTRYTHROUGHOUTTHE COURSE OFHISTORY, COALHAS BEEN A DRIVING FORCEBEHIND THE INDUSTRIALISATION, DEVELOPMENTAND MODERNISATIONOF NATIONS024CLEAN COAL TECHNOLOGYGPETER BOND, CHIEF EXECUTIVE OFFICER, LINC ENERGY LTD.? THE NEW ECONOMY025 |