In July, construction of power facilities in the United States increased by 2.1 percent, indicating that our consumption of electricity continues to grow – and making the development of clean coal technology even more critical to our future.
In addition, world energy consumption is expected to grow by 56 percent by 2040. Based on current policies and regulations governing fossil fuel use, global energy-related carbon dioxide emissions are projected to rise to 45 billion metric tons in 2040, a 46 percent increase from 2010. Economic growth in developing nations, fueled by a continued reliance on fossil fuels, accounts for most of the emissions increases.
Carbon Fuels has developed a breakthrough commercial process for the clean, efficient use of the United States’ most abundant natural resource: coal. The Charfuel® Coal Refining Process refines raw coal in conceptually the same manner as crude oil to cleanly and economically produce high-value liquid fuels, petrochemicals, and clean power plant feedstock. With the Charfuel® process, gasoline, jet fuel, clean diesel (ultra-low-sulfur), fuel oil, marine fuels, and boiler fuels, as well as essential petrochemicals, such as benzene, toluene, xylene, and methanol, are refined from raw coal—instead of crude oil. The Charfuel® Coal Refining Process is not simply a supplemental source of “alternative energy.” Rather, it is a true oil replacement, which uses only air and abundant raw coal (bituminous, sub-bituminous or lignite) as refinery feedstock to economically produce a range of products traditionally associated with the refining of crude oil.
As energy consumption continues to rise, Carbon Fuels is providing the clean answer for the future.
Learn more at Carbon Fuels