A single-stage membrane process has been designed for using facilitated transport membranes (FTMs) to decarbonize the coal-derived syngas from an integrated gasification combined cycle (IGCC) power plant. The necessary process model and costing method have also been developed to assess the technical feasibility and process economics. In order to account for the carrier saturation phenomenon associated with FTMs, a homogeneous reactive diffusion model is integrated into the process model. The techno-economic study reveals that the mitigated carrier saturation upon bulk CO2 removal can lead to appreciable increases in the CO2 permeance and CO2/H2 selectivity, which can be utilized to achieve 95% CO2 purity and 95% H2 recovery with a CO2/H2 selectivity of 50 at the complete carrier saturation. FTMs with different facilitated transport characteristics can also be arranged in a hybrid membrane configuration to render a H2 recovery of 99% and a cost of electricity of $118.5/MWh, which is 12.5% lower than that of the benchmark Selexol process.