As the world starts to shift to natural gas, traditional fuel providers such as Xcoal Energy are starting to see the many benefits of natural gas. With many countries employing stricter carbon emission standards and with the recent launch of the Air Quality Index, many energy providers are looking at viability of traditional fossil fuels.
Xcoal Energy & Resources LLC, the largest exporter of U.S. coal, is betting on natural gas as the world’s appetite for clean-burning fuel expands at coal’s expense.
Ernie Thrasher, who founded Xcoal in 2003, is starting XLNG Energy & Resources, which plans to begin exporting, liquefied natural gas no later than 2018. The company will focus on selling gas from the Marcellus shale region, which includes Pennsylvania, West Virginia and Ohio, historically coal-rich states, he said.
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Via DownstreamToday & courtesy Mark Parker of Bloomberg news.