Concerns Over Greenhouse Gas Emissions at Coal Plants to Expedite Deployment of Clean Coal Technologies, According to New Report by Global Industry Analysts, Inc.
San Jose, CA (PRWEB) January 20, 2014
Follow us on LinkedIn – Coal has for long been the prominent source for power generation largely because of its abundance and low costs. However, power plants fueled by coal are a major cause of environmental pollution, as they emit toxic air pollutants that pose serious threat to human health. Mounting concerns to curb these emissions, particularly CO2 is drawing the need for clean coal technologies that facilitate in improving environmental performance of coal. Thanks to the steady dependence on coal for power generation for the next several years, due in part to a wide installed base of coal-fired power plants, the need for clean coal technologies is expected to intensify.
Presently, a suite of clean coal technologies such as advanced pulverized coal combustion technologies, flue gas desulfurization, selective non-catalytic reduction, and coal gasification, among others are being used in coal-fired power plants. With the usage of these advanced controls and state-of-the-art environmental technologies, modern coal-fired power plants are able to produce relatively reduced levels of nitrogen oxides, sulphur dioxides, and heavy metals such as mercury than a coal-driven power plant ten or fifteen years ago. However, they lag behind in eliminating carbon dioxide which is a major cause of global warming and climate change. This is resulting in the emergence of cleaner and more cost-efficient technologies such as carbon abatement technologies.
Carbon Capture and Storage (CCS) technologies minimize emissions of greenhouse gases by storing the gas underground. Although several countries including the US, Canada, UK and China among others offer supportive policies for CCS and related technology development, the CCS industry is relatively immature in few European markets. In addition to CCS, combustion technologies such as super critical (SC), pressurized fluidized bed combustion, pulverized coal combustion and UC (ultra-super critical) technologies are being used as they considerably lower emissions and thereby enhance economics of coal-fired generation.
The use of Integrated Gasification and Combined Cycle (IGCC) technology is also witnessing growing momentum, thanks to its ability to offer a significant increase in efficiency and reduction in CO2 emissions in comparison to conventional pulverized coal technologies. Clean carbon technologies despite strong growth prospects due to expanding coal-fired capacity, witness increasing threat from exploration of shale gas reserves in various countries due to growing preference for natural gas-fired generation. With increasing hydraulic fracturing of shale gas, the incentive to decarbonize coal is being reduced, which in turn has the potential to adversely impact adoption of clean coal technologies in countries such as the United States.
As stated by the new market research report on Clean Coal Technologies (CCT), Asia Pacific represents the largest as well as the fastest growing market worldwide. The region is led by China and India, primarily supported by increasing demand for coal-run power plants and low installed base of coal-fired plants with little or no application of CCTs. Growing energy demand coupled with increasing prominence of coal in power generation is driving the need for clean coal technologies that can improve environmental performance of coal. China is making rapid progress in the development of coal-based technologies, and is gradually inching its way into the global market due to considerable amount of USC and SC capacities which are expected to come online in the foreseeable future.
Major players in the market include ADA-ES, Inc., Allied Resource Corp., Alstom Power S.A., Bharat Heavy Electricals Limited, Bixby Energy Systems, Clean Coal Technologies, Inc., Doosan Heavy Industries & Construction Ltd., Foster Wheeler AG, GE Power & Water, Mitsubishi Heavy Industries, Ltd., Sasol (China) Chemical Co. Ltd., Siemens Energy, and The Babcock & Wilcox Company, among others.
The research report titled “Clean Coal Technologies (CCT): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, growth drivers, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in US dollars for all major geographic markets including the United States, Canada, Japan, Europe, Asia-Pacific and Rest of World.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
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