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US coal industry eyes comeback as efficient plants encourage use

Coal News - Published on Tue, 22 Oct 2013

An industry group said that coal use in the US is set to grow this year and next from a 2 decade low as more efficient coal plants that can withstand new environmental regulations supplant old ones.

Mr Hal Quinn president of the National Mining Association said that coal use is projected to be up 7.5% this year compared to 2012, and its use will continue unabated through 2020, despite the boost in production of natural gas and a deadline of 2015 for a new set of regulations from the US Environmental Protection Agency.

Mr Quinn said that because of those rules, a number of older, smaller power plants will close. That doesn’t mean overall coal use will fall.

He said that “Larger, more efficient units will be running at a higher capacity. You will see a repositioning or resizing.”

The Washington based association for producers such as Arch Coal Inc. and Peabody Energy Corporation called the EPA’s proposals to curb pollution from mercury, sulfur dioxide and now greenhouse gases economically unjustified and an overreach.

Still, even as it worries about the impact of those rules, it’s predicting that coal production and use in the US will continue.

According to the US Energy Information Administration, coal use in the US has bounced back this year, rising more than 8% over the first six months of 2013 compared to the same period in 2012.

Source – Bloomberg

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Posted By : admin on Tue, 22 Oct 2013
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