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martin ferguson on ctl and gtl 260208

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    Tuesday February 26, 01:26 PM
    Energy technologies vital: Ferguson

    Coal-to-liquid (CTL) and gas-to-liquid (GTL) technologies will be vital to securing Australia's energy future, federal Energy Minister Martin Ferguson says.

    In a speech to an industry conference in Brisbane, Mr Ferguson said there had been a lot of scepticism about CTL and GTL in the past, but things had changed.

    "The industry is real - and taking off - and ultra clean GTL diesel is in the global marketplace, attracting significant premiums," Mr Ferguson said.

    "CTL and GTL will be a very important part of the department's work over the next few years in the context of securing Australia's energy future."

    GTL technology involves the conversion of natural gas into high-value ultra clean liquid fuels, while CTL is the production of fuels using coal as feedstock.

    Mr Ferguson said Australia could become a valued supplier of GTL diesel as a clean transport fuel in markets in Asia and the Pacific, where urban air pollution is a major problem.

    "When it comes to coal, we have over 600 years of known reserves," he said.

    "That is why it is so important for us to get clean coal technology right and to look at converting some of our gas and coal to transport fuels like clean diesel."

    Mr Ferguson said the government's promised National Energy Security Assessment, which will give an outlook for electricity, gas and fuel supply and demand for the next 15 years, was underway.

    Once the assessment is complete the government will work with CTL and GTL proponents to prepare a policy framework for the industry.

    Mr Ferguson said very little had been done on industry development since the previous government established a taskforce to look into it in 2001.

    "Australia needs a new generation of nation building industries and infrastructure, capitalising on our resource strengths and our competitive advantages, and unlocking their wealth for the Australian people," he said.
 
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