The Case for the Australian Coal-to-Liquids Industry
This is a guest post by David Archibald, of Perth Australia. He has a degree in geology from Queensland University, and has worked in a number of fields, including oil exploration. He also makes a hobby of studying climate change. (I have removed the climate change slides from this presentation, however.) This is a link to David's personal website.
Below the fold is a presentation he made regarding why he thinks Australia should consider coal to liquids technology. It can also be found on the website of the Australia Coal-to-Liquids Association, or directly, at this link.
David Archibald provides the following additional information about costs:
The cost of CTL is about $45 per bbl (opex and depreciation) at zero feedstock cost. That is based on the CCT process which saves on capital cost by not reforming the tail gas. The depreciation charge in that $45 is $14 per bbl. It could be $28 per bbl.
Assuming 2 bbls per tonne of coal, the coal cost component per bbl is half the cost of coal per tonne. So $40 per tonne coal would take it to $65 per bbl.
Note: The estimate of recoverable reserves for China used in Slide 28 is 1 trillion tonnes. According to this report on China's coal industry, China's recoverable reserves "exceed 1 trillion tonnes".