Taiwan Oil Firm Funding Coal-to-Liquids Study in Alaska
29 September 2006
|The proposed Cook Inlet Coal-to-Liquids Project. Click to enlarge.|
The Alaska Commerce Journal reports that Chinese Petroleum Corp. (CPC) of Taiwan will kick in $1.5 million to co-fund a preliminary feasibility study for an 80,000-barrel-per-day coal-to-liquids fuels plant near the Beluga coal fields on the west side of Cook Inlet, in Southcentral Alaska.
CPC is working with the Alaska Industrial Development and Export Authority (AIDEA) and Alaska Natural Resources-to-Liquids, LLC (ANRTL), an Alaska Fischer-Tropsch firm.
The Beluga coal fields have an estimated 1 billion tons of coal resources. If built, the plant would have projected capital costs of $5 billion or more.
The Alaska project may involve Shell or Sasol as technology providers, according to Richard Peterson, president of ANRTL. Seventy-five percent of the projected product would be FT diesel fuel, 20 percent would be naphtha and 6 percent would be LPGs, or liquefied petroleum gases.
Carbon dioxide produced by the process would be captured and sequestered in the Cook inlet oil fields for enhanced oil recovery (EOR). Preliminary results from a US Department of Energy study indicate that a carbon dioxide, enhanced-oil-recovery project in Cook Inlet could result in an additional 300 million to 400 million barrels of oil from five producing fields.
Current oil production from the Cook inlet is 15,000 to 16,000 barrels per day. A CO2 EOR project could double the production and extend the lives of the mature fields by 20 to 25 years, according to the study.
TrackBack URL for this entry:
Listed below are links to weblogs that reference Taiwan Oil Firm Funding Coal-to-Liquids Study in Alaska: