Essay On Coal Industry

907 Words4 Pages
Coal has many uses worldwide, the most common of which is for energy within power stations. Coal is burned, creating high pressured steam, which creates energy; this type of coal is referred to as steam coal or thermal coal. Coal is also used in steel production; coking coal is used as a raw material in the steel manufacturing process. Coal is also used in the production of cement, alumina, paper and in the chemical and pharmaceutical industries. Coal tar, one of several by-products of the coal production process, is used to manufacture creosote oil, naphthalene, phenol, and benzene. Ammonia gas, another by-product of coal production, is recovered from coke ovens and used to manufacture ammonia salts, nitric acid and agricultural fertilizers. Finally, soap, aspirins, solvents, dyes, plastics and fibers, like rayon and nylon are among thousands of different products that include coal or coal by-products as components. Government & Regulatory Agencies Globally, the level of regulation…show more content…
The Ministry of Natural Resources (MNR) regulates mining in Russia. (regulation wrap up) Size of the Coal Industry In 2017, the global coal industry employed 6,958,367 employees, a 12.2% increase from 2016, at 11,426 firms; the number of firms increased by 6.3% from 2016. The coal industry’s total revenue in 2017 was 759.7 billion USD, an 18.7% uptick from 2016. The coal industry contributed 202.2 billion USD to the global economy in 2017 up 19.7% from 2016. Only approximately 10% of the value of coal is exported globally due to its broad distribution. Asia and Oceania are the main exporting regions, accounting for 61% of the total volume of coal exported globally. Eurasia is the second-largest exporting region with exports totaling approximately 13.9& of the total international volume; exports from Africa comprise 10%, North American exports a total 7.4% of exports, while South and Central American exports amount to

More about Essay On Coal Industry

Open Document