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The price of metallurgical coal is volatile [112] and much higher than the price of thermal coal because metallurgical coal must be lower in sulfur and requires more cleaning. [113] Coal futures contracts provide coal producers and the electric power industry an important tool for hedging and risk management .
Peter Sceats is a British businessman, distiller and political activist who founded the commodity price indices upon which all Atlantic basin coal trade is based and all European power stations are valued. [1] The coal indices he founded currently benchmark around $500 billion in international trade. [2]
This is a list of prices of chemical elements. Listed here are mainly average market prices for bulk trade of commodities. Data on elements' abundance in Earth's crust is added for comparison. As of 2020, the most expensive non-synthetic element by both mass and volume is rhodium.
The relative cost of domestic coal versus imported coal, nuclear and gas, made it unworkable. In 2016, the nation imported 15.648 million tonnes of coal and anthracite worth of $1.467 billion. [ 21 ] In the year before the start of the Russo-Ukrainian War , 2013, Ukraine exported 500 thousand tonnes and imported 25 million tonnes. [ 22 ]
Plant Bowen, the third-largest coal-fired power station in the United States. This is a list of the 215 operational coal-fired power stations in the United States.. Coal generated 16% of electricity in the United States in 2023, [1] an amount less than that from renewable energy or nuclear power, [2] [3] and about half of that generated by natural gas plants.
The reserve list specifies different types of coal and includes countries with at least 0.1% share of the estimated world's proven reserves of coal. All data are taken from the German Federal Institute for Geosciences and Natural Resources (BGR) via BP; all numbers are in million tonnes. [1]
Coal production by region. This is a list of countries by coal production ranking countries with coal production larger than 5 million tonnes as of 2023.
Coal mainly goes to thermal power stations. Coke is derived by destructive distillation of bituminous coal. Crude oil goes mainly to oil refineries; Natural-gas goes to natural-gas processing plants to remove contaminants such as water, carbon dioxide and hydrogen sulfide, and to adjust the heating value. It is used as fuel gas, also in thermal ...
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