Caterpillar Puts Weight Behind $1.5B FutureGen CCS Project
Caterpillar plans (PDF) to join the FutureGen Alliance to build a $1.5 billion near-zero emissions coal-fired power plant that will produce hydrogen and electricity while capturing and sequestering carbon dioxide underground in Mattoon, Illinois, reports Reuters.
The FutureGen project is expected to prove the technical and economic feasibility of producing low-cost power and hydrogen from coal while nearly eliminating emissions, reports Reuters. However, the project will cost about three times as much as a traditional coal-fired power plant, according to the article.
The U.S. Department of Energy will provide more than $1 billion to help fund the 275-megawatt project as part of federal efforts to reduce greenhouse gas emissions, while the alliance’s contribution will be about $400 million to $600 million, reports Reuters.
FutureGen will use integrated gasification combined-cycle (IGCC) technology, which turns coal into gas before removing impurities such as sulfur dioxide, particulates and mercury before burning the coal gas to generate power, according to the article.
Other FutureGen members include subsidiaries of Alpha Natural Resources, Anglo American, BHP Billiton, China Huaneng Group, Consol Energy, E.ON AG Peabody Energy, Rio Tinto, Xstrata, and most recently Exelon, reports Reuters.
Stay Up-to-Date On Environmental Management, Energy & Sustainability News with EL's Free Daily Newsletter
Energy Manager News
- Direct Current Powers Building
- Honeywell Acquires Elster for $5.1B
- Business Services Firm Adds Energy Management to its Offerings
- Researchers Find a Way to Capture, Use Lost Solar Energy
- Ideal Power, KACO Converge Energy Storage, Solar
- Constellation Deploys Solar for Baltimore Ravens
- Franklin Energy Wins Contract for Wisconsin Load Limiting Program
- 80% of Businesses Choose Competitive Electricity Retailers in Deregulated Areas