Coal to Liquid Market is estimated to be US$ 5.304 billion by 2030 with a CAGR of 3.0% during the fo

Nisha Shaha27 Apr, 2022Business

Global Coal to Liquid Market accounted for US$ 4.154 billion in 2020 and is estimated to be US$ 5.304 billion by 2030 and is anticipated to register a CAGR of 3.0%. Coal liquefaction, the process of converting coal to a liquid fuel (CTL), permits coal to be used as an alternative to oil. Direct liquefaction and indirect liquefaction are the two ways for turning coal into liquid fuels. These processes can produce a wide range of products, including ultra-clean petroleum and diesel, synthetic waxes, lubricants, chemical feedstocks, and alternative liquid fuels like methanol and dimethyl ether (DME). CTL fuel is currently available in existing transportation markets and may be distributed by pipeline in nations such as the United States.