• 9 hours PDVSA Booted From Caribbean Terminal Over Unpaid Bills
  • 11 hours Russia Warns Ukraine Against Recovering Oil Off The Coast Of Crimea
  • 13 hours Syrian Rebels Relinquish Control Of Major Gas Field
  • 14 hours Schlumberger Warns Of Moderating Investment In North America
  • 15 hours Oil Prices Set For Weekly Loss As Profit Taking Trumps Mideast Tensions
  • 16 hours Energy Regulators Look To Guard Grid From Cyberattacks
  • 18 hours Mexico Says OPEC Has Not Approached It For Deal Extension
  • 19 hours New Video Game Targets Oil Infrastructure
  • 21 hours Shell Restarts Bonny Light Exports
  • 22 hours Russia’s Rosneft To Take Majority In Kurdish Oil Pipeline
  • 1 day Iraq Struggles To Replace Damaged Kirkuk Equipment As Output Falls
  • 1 day British Utility Companies Brace For Major Reforms
  • 2 days Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 2 days Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 2 days Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 2 days OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 2 days London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 2 days Rosneft Signs $400M Deal With Kurdistan
  • 2 days Kinder Morgan Warns About Trans Mountain Delays
  • 2 days India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 2 days Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 3 days Russia, Saudis Team Up To Boost Fracking Tech
  • 3 days Conflicting News Spurs Doubt On Aramco IPO
  • 3 days Exxon Starts Production At New Refinery In Texas
  • 3 days Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 4 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 4 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 4 days China To Take 5% Of Rosneft’s Output In New Deal
  • 4 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 4 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 4 days VW Fails To Secure Critical Commodity For EVs
  • 4 days Enbridge Pipeline Expansion Finally Approved
  • 4 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 4 days OPEC Oil Deal Compliance Falls To 86%
  • 5 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 5 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 5 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 5 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 5 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 5 days Aramco Says No Plans To Shelve IPO

DOE Commits $1 Billion to CCS Project

DOE Commits $1 Billion to CCS Project

The Obama administration believes carbon capture works. How else to explain yesterday’s news that the Department of Energy would commit $1 billion to support the FutureGen Carbon Capture and Storage (CCS) project in southern Illinois.

“Today’s milestone will help ensure the U.S. remains competitive in a carbon constrained economy, creating jobs while reducing greenhouse gas pollution,” says Energy Secretary Steven Chu in a prepared statement. He adds: “Developing innovative, cost effective carbon capture and storage technologies is critical to the country’s transition to a clean energy future.”

The funding is actually not a surprise. Despite growing doubts on whether “clean coal” even works, the Obama administration has been a steadfast supporter of CCS and specifically, FutureGen, which is expected to cost more than $2 billion to develop.

While attractive on paper, CCS remains largely unproven technology. The major issue is that so far no one knows what happen over the long-term when you bury large quantities of CO2 deep inside the earth’s crust.

Companies involved in the FutureGen project include,  Ameren Energy Resources, engineering firm Babcock & Wilcox, and Air Liquide Process & Construction. The companies are working to repower Ameren’s 200 megawatts Unit 4 Meredosia power plant, in southern Illinois. If certain environmental hurdles are passed Ameren expects construction on the CCS facility to start in 2012 and end in 2015.

By. Green Energy Reporter




Back to homepage


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News