Abstract
An international energy industry partnership and the Department of Energy plan to construct what will be the world’s largest carbon capture and sequestration (CCS) facility at an operating coal-fired power plant. If successful, the project would be a game changer. It would demonstrate a profitable way to retrofit commercial-scale coal-fired plants and allow them to continue burning coal while complying with expected future limits on new carbon dioxide emissions. The Petra Nova project at an NRG Energy power plant near Houston is a 50-50 joint venture between NRG and JX Nippon Oil & Gas Exploration. The CCS system construction price is expected to hit $1 billion, with the firms contributing $300 million each and the ventureborrowing $250 million. DOE is providing $167 million for what Energy Secretary Ernest J. Moniz says is a first-of-a-kind project. When completed in 2016, it is intended to capture 1.6 million tons of CO2 annually ...
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