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Report: Baard Energy Planning $4B Coal-to-Liquids Plant in Ohio
21 August 2006
The Morning Journal reports that Baard Energy, a Vancouver, Washington-based energy company that is building ethanol plants in Ohio and Nebraska, may soon announce plans for a $4-billion coal-to-liquids (CTL) plant in Wellsville, Ohio. Wellsville is south of Youngstown, Ohio and west of Pittsburgh, Pennsylvania.
Neither the company nor county officials would confirm the report, although Baard’s president reportedly told the Ohio Coal Association that the company had selected the site.
The plant is expected to use seven million tons of coal a year—supplied by barges on the Ohio river—to convert into 35 million barrels of product—about 95,000 barrels per day.
The Youngstown Business Journal notes that Baard would finance the plant through a mixture of debt and equity. Under the Energy Policy Act of 2005, the Department of Energy is authorized to guarantee loans for such efforts, which could reduce Baard’s costs of borrowing.
August 21, 2006 in Coal-to-Liquids (CTL) | Permalink | Comments (28) | TrackBack (0)
Comments
Posted by: Engineer-Poet | August 21, 2006 at 09:23 PM
In the book End of Oil they mention carbon trades that make the most difference with the least cost today. A coal power plant in the U.S. may have to spend 10 times as much to reduce the same amount of CO2 as a plant in China would spend, because China burns so inefficiently and dirty. The atmosphere does not care which part of the planet the CO2 comes from, the atmosphere belongs to all of us and circulates the planet. Chernobyl and the oil fires of Gulf I showed that rather well.
Posted by: SJC | August 26, 2006 at 05:47 PM
Can anyone put the arguments aside and simply tell me what "biomass" this Wellsville facility actually intends to use as feedstock? Press releases have reported "coal and biomass" will be used. I've read "algae", but it sounded a bit speculative.
Posted by: Bob Apple | March 05, 2007 at 05:50 PM
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Analysis of CTL vs. batteries over at The Ergosphere.