Product Description

At Friesland Sunrise Capital we believe in the long-term demand for thermal coal in the Asian market due to its cost advantages and abundant availibility. Coal now accounts for *0.3% of global energy consumption, its highest share since ***9, and will remain as the dominant source of energy worldwide. The World Economic Forum predicts that coal-fired power-generation capacity will continue to rise globally, even as renewable energy installations increase. Wood Mackenzie projects that the Asia-Pacific region’s share in the global seaborne thermal coal market will rise to over *1% by ***0 from *6% in ***2. Demand in the Pacific basin is expected to grow from **4 million tons in ***2 to over 1.*8 billion (!) tons in ***0, while demand in the Atlantic basin will decline from **5 mio. tons in ***2 to **4 mio. tons in ***0.