Peabody and GreatPoint to Jointly Develop Coal Gasification Projects
Posted on: Monday, 28 January 2008, 06:00 CST
Peabody Energy has signed an agreement to become a minority investor in GreatPoint Energy. As part of the agreement, Peabody and GreatPoint Energy will evaluate the potential for development of joint coal gasification projects using Peabody reserves and land.
GreatPoint Energy is commercializing its proprietary bluegas technology that converts coal, petroleum coke and biomass into ultra-clean pipeline quality natural gas while enabling carbon capture and storage.
GreatPoint Energy uses a single-stage catalytic gasification process to create natural gas that is 99.5% pure methane and can be transported throughout North America utilizing the existing natural gas pipeline infrastructure. GreatPoint Energy has completed successful testing in a pilot facility in Des Plaines, Illinois, and is commencing engineering for the first commercial project.
Rick Bowen, senior vice president of Btu conversion and strategic planning at Peabody, said: "Peabody is advancing technology-based solutions around the world for greater use of coal to build energy security, drive economic growth and create environmental solutions."
Source: Datamonitor
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