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
- Embracing New Tech Is Key to Greater Energy Savings, Say Experts
- SolarCity: We Have the World’s Most Efficient Rooftop Solar Panel
- Bridgestone Arena in Nashville Switches to LEDs
- Helping Building Automation Grow
- Municipalities Could Combine Small Cell and LED Upgrades
- Holistic Approach to Energy Savings in Dublin, Ohio Schools
- NYC One Step Closer to Net-Zero Energy Goal at Wastewater Treatment Plants
- ‘Better Buildings, Better Plants’ Saves $2.4B Over Five Years