Word: powerfuel
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...natural-gas prices, worries about gas-reserve levels and the security of supplies, and new "clean-coal" technologies, coal may end up as the bridge fuel of choice to keep Europe's lights burning until renewable, cleaner sources of power become feasible. Richard Budge, ceo of British coal company Powerfuel, says that "a reaffirmation of coal" is under way. Indeed, the British government last week released a report acknowledging that coal will continue providing a third of the country's electricity well into the future. A big factor is demand: global consumption of electricity is expected to double between...
...combustion; the rest is easily captured for sequestration. If the combustion technology works, Vattenfall will build a 250-MW demonstration plant that will transport the captured CO2 to an underground storage site. It hopes to start building full-scale carbon-free plants around 2015 to 2020. In Britain, Powerfuel's Budge expects to break ground early next year on a $1.5 billion, 900-MW plant in South Yorkshire. It's adjacent to the Hatfield Colliery, a shuttered coal mine Powerfuel is now reopening. The plant will use igcc technology, and Powerfuel - now majority-owned by Russia's Kuzbassrazrezugol - expects...
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