ConocoPhillips and Peabody Energy Choose Site for US$3 Billion Coal-to-Natural Gas Plant
Peabody Energy and ConocoPhillips chose a site near Central City, Ky to build a US$3 billion coal-to-natural gas plant. The “mine-mouth” gasification project would use ConocoPhillips’ proprietary technology to produce clean-burning natural gas. The plant would capture carbon dioxide that could be permanently stored or used for enhanced oil recovery.
ConocoPhillips and Peabody agreed in July 2007 to build the facility, which will produce between 60 billion and 70 billion cubic feet of synthetic natural gas annually from more than 3.5 million tons of coal. The plant will produce less than 5 percent of the emissions of a similarily sized plant.
Air permits have been filed with the Commonwealth of Kentucky for the proposed facility. If approved, the project would create 1200 skilled jobs during a four-year construction process, 500 long-term jobs and nearly US$100 million in regional economic benefits.
The plant, to be called Kentucky NewGas, is expected to produce enough energy to provide nearly 750 000 Midwest homes
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