West Virginia Executive Spring 2019 | Page 48

In Numbers Coal After experiencing a downturn in production for several years, coal is experiencing an upswing, which has helped the energy industry boost West Virginia’s economy. Exporting has played a major role in the industry’s turnaround, particularly with coun- tries overseas that have an immediate need for both metallurgical and thermal coal. In fact, according to the “2019-2023 West Virginia Economic Outlook Report,” in 2017 coal exports reached $3.2 billion. India’s demand tripled in 2017, totaling $636 million, while Ukraine’s demand saw a gain of 285 percent. Despite the challenges of competing with surrounding states that don’t have a severance tax and battling the natural gas industry and renewable energy sources for market share, this fossil fuel industry continues to produce high-quality coal that is now in demand abroad. $3.2 Billion $67.75 Total Value of Coal Exports Rise in Employment in the Coal Industry in 2017 Cost of a Short Ton of WV Coal in 2017 compared to the U.S. average of $33.72 >15% Source: www.eia.gov in 2017 Source: “2019-2023 West Virginia Economic Outlook” Source: “2019-2023 West Virginia Economic Outlook” WV’s National Ranking in Coal Production in 2017 49,646 16% 2nd Coal Industry Employment in 2017 Source: WV Office of MHST Top Five Countries for Exporting in 2018 from 2016 to 2017 Source: www.eia.gov WV’s Top Five Production Counties in 2018 Source: “2019-2023 West Virginia Economic Outlook” WV Coal Production 2016-2018 Canada Marshall India Marion 13,265,488 Tons Export Thermal Netherlands Logan 13,140,673 Tons Domestic Metallurgical Ukraine Brazil Source: www.census.gov 46 Increase in Coal Production WEST VIRGINIA EXECUTIVE Ohio Raleigh 17,307,878 Tons 10,119,692 Tons 6,130,759 Tons Source: www.census.gov 85m Tons Export Metallurgical 93m Tons 97m Tons 2017 2018 Domestic Thermal 2016 Source: www.census.gov