DC-Arc Discharge technique has been used to synthesize carbon nanotubes from super clean coal samples instead of graphite electrodes filled with metal catalysts. The adverse effect of the mineral matter present in coal may be, thus, avoided. The cathode deposits showed the presence of single walled carbon nanotubes as well, which are generally known to be formed only in presence of transition metal catalysts and lanthanides. The process also avoids the tedious purification treatments of carbon nanotubes by strong acids to get rid of metal catalysts produced as impurities along with nanotubes. Thus, coal may be refined and demineralized by an organorefining technique to obtain super clean coal, an ultra low ash coal which may be used for the production of carbon nanotubes. The residual coal obtained after the organorefining may be used as an energy source for raising steam for power generation. Thus, coal may afford its use as an inexpensive feedstock for the production of carbon nanotubes besides its conventional role as a fuel for power generation.