The excerpt:"In the long-term strategy, the carbon dioxide will be recycled forming a closed-loop system, involving synthesis of high energy density liquid fuel suitable for the transportation sector."We've documented how we can capture CO2 from our coal power and coal-to-liquid plants, and use it to make useful chemicals or additional liquid fuel.Herein, it's further posited that we can recycle CO2 so thoroughly that the net atmospheric CO2 result of driving all our cars, and, by extension, burning our coal and converting it into fuel for our cars, is zero.
Sasol making 1.1 million barrel per day Coal to Liquid Operation in Indonesia by 2015, Competitive prices with Oilsands and Deep Water Oil
South Africa's Sasol Synfuels has a US$10 billion project to build 1.1 million barrels per day of oil equivalent with a massive coal to liquid operation in Indonesia.
Until recently coal to liquid cost $1 billion for 10,000 barrels per day of oil equivalent. So the Sasol operation is eleven times more cost effective at $1 billion for 110,000 barrels of CTL liquid per day
If the price of ten billion dollars for 1.1 million barrels of oil equivalent per day could be hit by 2015, then such a project would be competitive with the pricing and timescale of oilsand projects and deep water oil. It would also be competitive with the scale of those other large oil projects.
The environmental impact of CTL is discussed at gristmill. Look at the discussion to see some less biased assessment. 1.08 times the CO2 of diesel.
"Texas Syngas, Inc is a Houston based company focused on providing “Energy Solutions for the Future”. The company utilizes low cost hydrocarbons such as biomass, coal, and waste products in an environmentally friendly process to produce low cost energy - electricity, steam, hydrogen, methane, transportation fuels and chemical feedstocks."
You'll note, as we've been urging, the inclusion of various other raw material feed stocks in addition to coal, especially biomass. That way, we'll be able to keep our cars on the road after we've redirected our coal to more valuable chemical manufacturing processes.
Texas Syngas, by the way uses some technologies that differ in certain respects from the Fischer-Tropsch, Bergius and our own "West Virginia" processes for gasification/conversion, etc. As we've been saying all along, there are a lot of ways to skin this particular ole' cat. Why we're not yet employing any of them is a mystery that should get your investigative reporter juices flowing.