FutureGen Alliance Signs Agreement with Energy Department to Build FutureGen 2.0 CO2 Pipeline Network and Storage Site

September 28, 2010

WASHINGTON, Sept. 28 /PRNewswire-USNewswire/ — The FutureGen Alliance has signed a $553 million cooperative agreement with the U.S. Department of Energy (DOE) associated with FutureGen 2.0, the first large-scale oxy-combustion repowering project in the world that will use carbon capture and storage (CCS) technology. FutureGen 2.0 is supported by a $1 billion commitment in federal funding from the American Recovery and Reinvestment Act for the construction of a near-zero emissions coal-fueled power plant.

Under the agreement, the FutureGen Alliance will cooperate with Ameren Energy Resources to develop the world’s first commercial-scale oxy-combustion power plant with CCS. The Alliance will have primary management responsibility to site, develop, and operate a permanent CO2 storage site along with the required pipeline from the power plant. The CO2 pipeline will run from Meredosia, Ill. to the storage site. The Alliance will also develop a CCS visitor, research, and training facility at the site. The storage site will be designed to accept and permanently sequester more than 1 million tons of CO2 per year with room for future expansion to accommodate CO2 from additional sources.

“FutureGen 2.0 will develop oxy-combustion technology that can repower the world’s fleet of coal-fueled power plants in a manner that largely eliminates their CO2 emissions and spurs job creation. It will create the world’s first permanent CO2 storage hub and substantially advance the science of CCS,” said Ken Humphreys, FutureGen Alliance Chief Executive Officer. “Through FutureGen 2.0, the FutureGen Alliance will continue with its mission of advancing clean-coal technology integrated with CCS. We look forward to working with the DOE, the State of Illinois, and the project partners to make FutureGen 2.0 a success.”

In the coming weeks, DOE and the FutureGen Alliance will announce the details of a competitive process to select the host location for the CO2 storage site and support facilities. The host location will provide access to Mt. Simon sandstone, a well studied geologic formation, in which the CO2 will be stored.

SOURCE FutureGen Alliance

Source: newswire

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