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Download Free sampleThe global Coal to Liquid Fuel market was valued at 3265.69 Million USD in 2021 and will grow with a CAGR of 2.31% from 2021 to 2027.
The prime objective of Coal Liquid Fuel Market is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, Coal Liquid Fuel Market covers market segmentation by major market vendors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Coal is an essential fuel utilized globally to generate electricity, while petroleum fuels are commonly utilized in vehicles. Moreover, coal and petroleum fuels majorly possess carbon (carbon-carbon bond (C-C)) hydrocarbons), which makes the conversion of coal to liquid fuel more feasible.The production of liquid fuel from coal is also known as coal-to-liquid (CTL) technology or coal liquefaction, either by direct or indirect liquefaction. In this procedure, coal is dissolved in a solvent at high temperature and pressure, followed by hydrogenation to produce a high-grade, clean fuel suitable for use in transport. Moreover, the obtained liquid fuel tends to be ultra-clean, sulfur-free, low in particulates, causes low CO2, oxides, and nitrogen emissions through Carbon Capture and Storage (CCS).
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