MINING NEWS: Coal conversion faces capital crunch
Witnesses tell Congress coal-to-liquids and coal gasification projects may be hampered by lack of funding, not technology
For Mining News
As oil prices continue to climb in tandem with global demand, policy makers are examining the potential of converting coal, one of America’s most abundant fossil minerals, into a liquid or gas fuel to help meet the nation’s growing energy needs.
Committees in both houses of Congress have conducted....
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Agrium: Cook Inlet complex would cost $1.5-$2B
Go/no go decision could be in late ’07
Problems with tax credits, self-funding mechanism
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