The coal to liquid fuel market size was valued at $3.4 billion in 2021, and coal to liquid fuel industry is estimated to reach $7.7 billion by 2031, growing at a CAGR of 8.7% from 2022 to 2031. Coal-to-liquid (CTL) fuel is a process of converting coal into liquid fuel that can be used in …
Continue reading “Coal to Liquid Fuel Market Current Trends, Analysis & Regional Forecast to 2031”
Abundant availability of coal, deteriorating levels of petroleum reservoirs, increased awareness about the technical expertise related to the conversion process among industrialists, and growth of transportation sector in developing nations, such as India and China, drive the coal to liquid fuel market. As synthetic fuels obtained from the conversion of coal are cleaner (eco-friendly) than …