MagneGas Forms Subsidiary to Market Coal Co-Combustion
MagneGas, the developer of a technology that converts liquid waste into hydrogen-based fuels, has formed a subsidiary joint venture with a confidential US-based party to pursue coal co-combustion systems in electric power utility companies.
Supplemental Energy Solutions, a 50-50 joint venture, will pursue the use of MagneGas to reduce hydrocarbon emissions for the coal power industry in North America. The first phase of the agreement includes testing of MagneGas with a major utility research center in the US, approved by the EPA.
The utility research center is observing the preliminary internal testing being performed on a larger combustion unit. The 20 percent CO2 reduction and other emission improvements seen in Sydney, Australia and at the MagneGas headquarters in Florida are being replicated consistently, the company says.
MagneGas says the co-combustion technology may prove to be a valuable emissions reduction tool to coal electric power companies and other industries.
Earlier this month the US Department of Energy said it will provide about $1 billion of cost-shared funding to the FutureGen Industrial Alliance for the FutureGen 2.0 Project, a public-private partnership developing the world’s first commercial-scale, coal-fueled oxy-combustion electric generation project integrated with carbon capture and geologic storage.
Photo Credit: coal power plant via Shutterstock
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