Coal-To-Gasoline Synthesis Energy Announce New $800 Million

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JJLL
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Post by JJLL » Tue. Jul. 29, 2008 9:22 am

http://www.dailymail.com/Business/200807280151

Monday July 28, 2008
Consol, Synthesis Energy announce new $800 million coal-to-gasoline plant
Plant, to be located in Marshall County, will be the state's first
by George Hohmann
Daily Mail Business Editor

CHARLESTON, W.Va. -- Two companies have formed a joint venture that will build an $800 million coal-to-gasoline plant -- the state's first -- at Benwood, Marshall County, officials announced today.

Gov. Joe Manchin and Sen. Jay Rockefeller, D-W.Va., joined officials of Consol Energy Inc. and Synthesis Energy Systems Inc. in making the announcement at a ceremony near the site.

"It's clearer than ever that one of the biggest issues our state and country faces is meeting our energy needs," Manchin said in prepared remarks.

"Technological solutions like this plant at Benwood will lead to more environmentally friendly ways to use our coal and hold the key to America's energy security."

Manchin's administration has written a state energy plan built around the idea that coal-to-liquids plants will be constructed in West Virginia.

Today's announcement goes a long way toward making good on Manchin's December 2005 vow to have a coal liquefaction plant built in the state "by the end of my first term," which is January 2009.

Rockefeller, D-W.Va., said the project will give West Virginia an opportunity to show the world that the state is a global leader in energy issues and modern coal technology.

 
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Adamiscold
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Post by Adamiscold » Tue. Jul. 29, 2008 9:27 am

Are they using coal to make gas?


 
SteelerCoal
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Post by SteelerCoal » Tue. Jul. 29, 2008 10:24 am

Sounds like they're converting the coal to methanol, then converting the methanol to synthetic gasoline. Looks like they're using bituminous coal, so hopefully it won't impact anthricite prices.

 
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Yanche
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Post by Yanche » Tue. Jul. 29, 2008 10:51 am

Check the links in this post for how it works:

Georgia Ruling Could Impact Future Coal Plants

One of the links is a complete report on a FL plant that's been up and running for years.

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