News
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October 13, 2009
Korea Electric Set To Invest $1.1 Billion In CCS TechnologyBloomberg News reports, “Korea Electric Power Corp. and five units plan to invest 1.3 trillion won ($1.1 billion) by 2020 in carbon capture and storage to cut greenhouse-gas emissions, the South Korean government said. Separately, the government will spend 100 billion won over five years in research and development for the technology, the Ministry of Knowledge Economy said today in an e-mailed statement.”
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October 12, 2009
IEA Calls for Fast Action on Carbon Storage in Developing WorldDeveloping countries need more than 2,000 carbon capture and sequestration (CCS) plants by midcentury to stave off catastrophic global warming, an International Energy Agency report out today will say. With emissions swiftly rising in developing countries, at least 65 percent of those will have to be built in nations still working toward industrialization, said Thomas Kerr, a senior IEA analyst in Paris. "That means China, India and other developing countries will have to do a lot of CCS and do it fast," Kerr said.
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October 12, 2009
Stimulus Grants Funding Louisiana Carbon Capture ProjectsThe New Orleans Times-Picayune reports, “Several Louisiana projects dealing with industrial carbon capture and storage have received $3.1 million in American Recovery and Reinvestment Act grants from the U.S. Department of Energy. Leucadia Energy LLC, in partnership with Denbury Onshore, received $540,000 to demonstrate advanced technologies that capture and sequester more than 4 million tons of carbon dioxide."
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October 09, 2009
More U.S. cash needed to ramp up CCS projects, panel saysThe United States is not spending enough to develop commercial carbon capture technology for power plants, an expert panel said yesterday at a Capitol Hill forum. The technology for carbon capture and sequestration (CCS) could significantly reduce greenhouse gas emissions but requires rigorous research and development, the panel said. "Carbon capture is the single-most important technology not applied out in the real world," said Joe Chaisson, research and technical director for the Clean Air Task Force. "And it currently lacks any serious R&D in the United States."
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October 08, 2009
DOE Assigns Cemex To Develop CO2 Capture TechnologyThe AP reports, “Cemex Inc. said Wednesday it has been selected by the Department of Energy (DOE) to develop technology to capture and store carbon dioxide emissions at one of its U.S. cement plants.” According to Cemex, the company “will work with RTI International…and others to design a dry sorbent CO2 capture and compression system; a pipeline, if necessary; and an injection station.”
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October 06, 2009
A New Age for New CoalPeabody Energy Chairman and Chief Executive Officer Gregory Boyce highlights long-term coal growth in Asia-Pacific markets and enormous progress being made to advance clean coal technologies in an exclusive interview on CNBC’s Squawk Box with Erin Burnett and Mark Haines. “We think there is going to be a new age for new coal,” says Greg. “When you look at energy demand globally, we need all types of fuel in the energy mix. And we need to build new coal facilities. They are being built around the world at a record pace."
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October 06, 2009
DOE Announces CCS Funding to the University of UtahThe AP reports that the DOE has awarded “the University of Utah nearly $2.7 million to research capture and sequestration of carbon dioxide,” which “will be used to capture more than 1 million tons of CO2 from industrial sources.” The captured CO2 “will be then transported in pipelines to Kansas to enhance oil recovery and be sequestered underground.”
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October 04, 2009
Rallies Held In Michigan In Support Of Coal PlantsCrain's Detroit Business reports that on Tuesday, “trade union officials will unite with the Michigan Chamber of Commerce, and some Republican state legislators will unite with Democratic counterparts in a rally on the steps of the state Capitol to urge regulators to speed up the stalled permit process for two proposed new coal-fired power plants.”
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October 02, 2009
Survey Finds Michiganders Favor New Coal-Fired PlantsThe Detroit Free Press reported, “Most Michiganders approve of plans to build new coal-fired power plants in Michigan and think environmental concerns can be mitigated or are offset by their economic benefits.” Over “two-thirds…also agreed with the premise that a power plant fired by coal or biomass fuels can be environmentally friendly. Only 22% agreed with the statement that ‘there is no such thing as an environmentally and socially responsible power plant.’”
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October 01, 2009
Plant In Kemper County Would Create Hundreds Of JobsThe Jackson Clarion Ledger reports, “A proposed $2.2 billion Mississippi Power plant that would convert lignite coal into electricity has the potential to bring about 300 jobs to” Kemper County which has “an unemployment rate of 10.6 percent.” At its peak, the facility's “construction could provide as many as 1,000 jobs. If started next year, the plant could be finished by 2014.”
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