Coal & uranium - Feb 25
by Staff
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Leaders of coal-rich states say clean-coal technology is a must. Governors from states without coal want more evidence the technology works. ... Energy tops the agenda at the governors' annual winter meeting. The group's new clean energy initiative seeks to promote renewable fuels such as ethanol and biodiesel and reducing greenhouse gas emissions. ...Proponents say all energy sources have their problems. The key, says Gov. Brian Schweitzer, D-Mont., is a national energy policy with many options and sources. That is important because electricity demand will increase in the future. For instance, Schweitzer predicted that 10 years from now a significant number of cars will be plug-in hybrid vehicles, which will require more power plants, not fewer. Coal "has a CO2 problem, wind has a reliability problem, solar has a price problem, nukes have a price and radiation problem," Schweitzer said. "So all of those technologies have opportunities. but they all have problems - coal's no different."
The plant, in Inner Mongolia, will use technology developed by Germany during the second world war to convert coal directly into synthetic diesel, dubbed "Nazi fuel". China says the process will help break its booming economy's reliance on foreign oil, and that it will build more such plants. The US and India are also investing heavily in the technology, which is being heavily promoted by coal companies across the world as a cost-effective solution to soaring oil prices and concerns about energy security. The Chinese facility, operated by Shenhua Corporation, will be the first of its type in the world. Shenhua would not say when it expects the plant to open, but industry experts said it would be within weeks. Last month, company officials said construction work was 99.5% complete. Three similar plants were built in South Africa to beat the apartheid-era oil sanctions, and still produce almost a third of South Africa's energy needs.
The spot price of uranium skyrocketed to historic highs in 2007, capping a three-year upward trend and reaching $135 per pound in summer, as projected demand rose against limited supply. By autumn, it was back to the mid-$70s/lb but by year's end, up again to the low $90s-still historically high. ...While world uranium resources are generally considered to be more than adequate to meet foreseeable needs, ongoing production and supply constraints, and questions about whether new production can be timed to meet demand growth, mean the market is likely to remain tight for some years to come. ... After the 1986 accident at the Soviet nuclear unit at Chernobyl, many European countries began officially or unofficially pursuing nuclear phase-out. But with increasing global warming concerns and a newly aggressive EU energy policy, many countries are reconsidering. ... Along with predicted global shortages in manufacturing capacity for reactor components, technically skilled labor and management expertise, uranium too could become a limiting factor for the global nuclear renaissance. |
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