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Power to liquid (PTL) is a kind of technology and fuel that uses renewable energy to convert carbon dioxide, water and other raw materials into synthetic fuel. The electric synthetic fuel technology mainly produces hydrogen and carbon monoxide by electrolysis of raw materials such as water and carbon dioxide, and then produces synthetic liquid fuel with long carbon chain and high energy density through chemical processes such as Fischer Tropsch synthesis.
The cost of Power to liquid is affected by many factors, mainly including the price of green electricity for hydrogen production and the cost of biomass or carbon capture. In addition, global carbon constraint policies, such as EU carbon tariffs, carbon quotas and carbon rewards and penalties, will also have an impact on their costs.
With the full use of solar energy and wind energy, green power will have the characteristics of zero marginal cost, which makes electric synthetic fuel have broad application prospects in the future. Electric fuel is bound to move towards large-scale commercial applications.
PTL is a clean energy technology with great potential. It can not only help reduce the dependence on fossil fuels, but also make an important contribution to achieving the goal of global carbon neutrality. With the progress of technology and the support of policy, the application prospect of PTL fuel is very broad.