First coined by Peabody Energy, the term Btu Conversion refers to the process of transforming the energy or British Thermal Units (Btus) in coal into multiple high-demand energy forms.
Coal's versatility is a great advantage in an energy insecure world. Technologies allow the energy stored in coal to be converted into electricity, chemicals, pipeline-quality natural gas, liquid transportation fuels and hydrogen.
This is particularly important at a time when alternative fuels are centered in unstable regions, subject to cartels that control price and supply, or are too small to be meaningful for baseload power. Peabody believes Btu Conversion presents a long-term opportunity that will be increasingly deployed on a commercial scale.
Peabody is engaged in a number of Btu conversion projects, including:
- An equity interest in GreatPoint, which is pursuing development of coal-to-gas and coal-to-hydrogen projects with carbon capture and storage for enhanced oil recovery using proprietary Bluegas technology.
- Multiple major downstream gasification, capture and coal-to-chemicals projects in China.
When Converted, Btus In Peabody's Coal Reserves =
Enough to meet all U.S. electricity needs for 5 years
More than 10 times the current annual U.S. natural gas use
Enough to fuel the U.S. trucking industry for 42 years
Enough to replace all oil for U.S. transportation for 6+ years
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