How much money does it cost to build a Coal to Liquid power plant?
CONSOL, the nation’s largest producer of bituminous coal, and SES, a global industrial gasification company, intend to develop through a joint venture, their first U. S. coal gasification and liquefaction plant in West Virginia — an $800 million investment. The boards of directors of CONSOL and SES have authorized funds for development activities, including the front-end engineering design (“FEED”) package. Each member company will contribute equally to this phase of the project. CONSOL and SES have formed Northern Appalachia Fuel LLC (NAF) as the company through which the development will occur. http://www.wvgov.org/sec.aspx?id=32&articleid=1668 Eventually, and with the help of ExxonMobil, the pair hope to crank out 100 million gallons a year of gasoline from the coal. Technology permitting, Consol and SES hope to one day stick the plant’s carbon-dioxide emissions underground, making it a “clean coal” gas
