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Session 1 (Geostrategy) will be chaired by Gerald Doucet, Secretary General of the World Energy Council
Session 2 (Technology) will be chaired by John Wright, Director, Energy Transformed Flagship, CSIRO (Australia)
The carbon footprint of World CTL 2008 will be assessed.
Session 4 (Associated Industries) will be chaired by Alexander Landia, Chairman of the Board of SUEK (Russia)
The list of organizations represented at the Conference is available - see "Attendance"
The list of represented organizations is available on Attendance.
The panel « Downstream Industries » (at the end of Session 1) is canceled
World CTL 2008 will host the World CTL Award ceremony - see “Program” and “World CTL Award”
Q&A will be regularly updated. Please do not hesitate to ask questions at :
Energy has become a very sensitive subject, with several interconnected features including:
This subject will be addressed in session 1 of the Conference.
Today, CTL is only operated by Sasol in South Africa, where Coal-To-Liquids covers around 30% of the needs of liquid fuels and petrochemicals.
China Shenhua will start a 20,000 barrels per day unit in the beginning of 2008.
More than 30 projects exist in the world, generally at a feasibility study stage.
Speakers of both Sasol and China Shenhua will present papers on this subject at the Conference.
According to the 2006 BP statistics published in 2007, worldwide fossil energy reserves represent:
These figures simply result from the division of proved reserves as of December 31, 2006 by the 2006 consumption.
According to the BP 2006 statistics published in 2007,
Around fifteen projects are located in the USA, a few of them are at the design stage.
Around ten are in China, with one plant to be commissioned in the beginning of 2008.
Other projects exist in a number of other countries including South Africa, Australia, India, New Zealand, the Philippines and Indonesia.
The instant price of crude oil is one of the important parameters.
However, the lead time (time between decision and the plant start-up) of such projects is more than five years. Given that capital expenditure accounts for several billion dollars or euros, investment decisions can only be taken after serious consideration.
Environmental issues, greenhouse gas emissions in particular, are considered important by the community, with various consequences on the feasibility and the economics of CTL plants.
Other parameters in CTL investment decisions include:
- the volatility of crude oil price;
- the level and volatility of coal market price;
- the availability of coal and the sensitivity of the CTL process to the variety of coals to be used as feedstock;
- the incertitude on fiscal policies;
- the environmental regulations and their evolution (mainly on CO2 production);
- the commercial experience in the industry, today limited to the one of Sasol.
Economics depend on the production costs and revenues from CTL outputs. Costs vary with several parameters such as construction costs and the price of coal, as well as local specificities.
Revenues depend mainly on the price of crude oil, from which are produced comparable products.
The cost of Carbon Capture and Storage will also impact the economics of CTL.
The notion of “crude barrel equivalent price” is commonly used to measure the competitiveness of CTL with crude oil for producing given outputs. Litterature mentions “crude barrel equivalent prices” varying from $25/bbl to $80/bbl. A recent article in the Wall Street Journal (4 January, 2008) mentioned $45/bbl.
Economics will be addressed globally in session 1 and more specifically in session 2 of the Conference
Capital expenditure amounts to several billion dollars for a 20 000 barril per day plant. The greater the capacity, the lower the cost per unit produced.
The US Department of Energy quoted estimates of invetsment costs from $70,000 to $90,000 per bpd if the capacity is in the range of 50,000 bpd (March, 2007).
Two main technologies are proposed commercially:
More about technologies during session 2 of the Conference.
CTL is a process industry with similarities to refining. As such, effluents and wastes need to be carefully handled.
Focus is mostly on CO2 emissions, CO2 being one of the most important greenhouse gases (GHG).
On another hand, liquid fuels produced by CTL contain less impurities than conventional fuels, which reduces pollutant emissions where the fuels are consumed.
Multiple analyses have been made on the emission quantities, their potential reduction, CCS (Carbon Capture and Storage), the use of biomass as a complement to coal.
These analyses will be detailed during session 3 of the Conference.
For a given energy source, the Well to Wheels analysis corresponds to the calculation of the total environmental footprint, from primary energy extraction up to the final use by the consumer. This total footprint can then be compared to total footprint from other energy sources in a meaningful way.
This analysis will be detailed during session 3 of the Conference.