Coal Boom Worldwide
In a world where more than 1 billion people have no electricity and a much larger number live in deep energy poverty, only the fossil fuel industry has developed the ability to produce energy for electricity, fuel and heat for those in need. The politically popular alternatives, solar and wind, are expensive, unreliables that depend on reliable sources, mostly fossil fuels for life support reports Alex Epstein. 1
Overall, 1,600 coal plants are planned or are under construction in 62 countries. The new plants would expand the world’s coal-fired power capacity by 43 percent. The fleet of new coal plants would make it virtually impossible to meet the goals set in the Paris climate accord. 2
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Hampton Roads’ June coal exports soar 25.3% YOY
Coal exports from the Hampton Roads port facilities in Virginia climbed 25.3% year over year, to 2.7 million tons in June, but slipped 15.2% compared to May’s total, according to data obtained July 7 from the Virginia Maritime Association.
At Norfolk Southern Corp.’s Lamberts Point facility, which primarily handles metallurgical coal, coal exports totaled 1.2 million tons in June, surging 36.3% compared to 882,797 tons of coal delivered in June 2016.
Kinder Morgan Energy Partners LP’s Pier IX facility, which mostly handles thermal coal, edged down 26.5% year over year, exporting 467,196 tons of coal in June compared to 635,861 tons in the year-ago period.
Dominion Terminal Associates LLP, owned by coal producers Contura Energy Inc. and Arch Coal Inc., registered a 62.4% growth year over year to more than 1 million tons, compared to 623,749 tons in June 2016.
US bituminous #coal #exports total 1.8 million mt in May, per @uscensusbureau. For the year, bit coal exports total 11 million mt, up 146%.
United States wants to sell coal to coal-rich Ukraine
President Donald Trump has vowed to unleash the ‘vast energy wealth’ of the United States. He wants to sell American coal to Ukraine, which faces a shortage as military conflict tears its coal-rich Donbass region apart.
Coal exports to Ukraine “will have more to do with keeping our allies free and building their confidence in us than anything I’ve seen,” said Energy Secretary Rick Perry.
Ukraine stopped buying coal from the breakaway Donbass region this spring after Kiev-backed militant groups blocked railways to the region in the east. This led to a massive disruption of the work of plants using anthracite coal.
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NMA Applauds President’s Energy Policy
WASHINGTON, D.C. – The U.S. mining industry applauded the administration’s bold emphasis on creating a robust market for all sources of domestic energy that the president highlighted in his energy speech today.
“A strong energy industry is a goal that will benefit all Americans and is achievable without diminishing the significant environmental protections that Americans rightfully expect,” said National Mining Association (NMA) President and CEO Hal Quinn.
As an example, Quinn cited the repeal of needless and costly regulation on coal that will allow U.S. consumers to benefit from the world’s largest coal supply. The Clean Power Plan (CPP), recently proposed for rescission by the administration, illustrates the impact of regulations on energy production.
Under the Energy Information Administration’s latest reference case, U.S. coal production will climb “significantly higher” without the constraints of the CPP, rising from 740 million short tons last year to almost 900 mst by 2025. The resulting 280-million-ton annual increase throughout this period could support the addition of 25,000 high-wage miners and ensure households and businesses have a more reliable supply of affordable electricity. Meanwhile, advanced technology is driving emissions reductions, with new coal plants today emitting up to 90 percent fewer emissions than those they replace.
U.S. coal exports, projected to rise this year to more than 71 mst, also serve the needs of the estimated 1.1 billion people in emerging economies who today lack access to affordable electricity. Every million tons of coal exported supports 1,320 jobs throughout the U.S. economy paying an annual average of more than $90,000. For further information on U.S. coal exports, click here.
The nation’s basic industries will benefit from a supply-side energy policy that promotes all energy sources. “U.S. mineral and metal mining is one example of an energy-intensive industry operating in a high-cost environment that is better able to compete in global markets with lower and less volatile energy costs,” Quinn said.
Quinn expects additional priorities for energy de-regulation may be identified next month from Energy Secretary Perry’s assessment of the impact of regulatory policies on baseload power.