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Baard Energy raises $2.5B for coal/biomass-to-liquids plant in Ohio; construction to begin late spring or early summer 2011

2 November 2010

Youngstown Business Journal. Baard Energy LLC, a company seeking to build a coal/biomass-to-liquids (CBTL) plant in Ohio (earlier post) has raised $2.5B from investors in the coal and energy markets and is preparing to begin construction of the nearly $6 billion Ohio River Clean Fuels Project by late spring or early summer.

The $2.5 billion will fund the land purchase and construction of the first phase of the project, which likely will likely take nearly three years, [president and CEO, John] Baardson said. Each of the two following phases will cost roughly $2 billion. Purchase of the land will begin next month and continue through the holiday season followed by engineering work, he said, then construction when the weather warms up. Construction will create up to 4,000 jobs, and the plant itself will employ some 415 when it’s operating.

The Ohio River Clean Fuels plant will use coal and other alternate feedstocks, such as waste wood, to produce 52,000 barrels daily of extremely clean diesel and jet fuel, as well as naphtha, by using the Fischer-Tropsch synthesis process. Naphtha is a low-octane gasoline used as a feedstock in the chemical industry.

Although the Ohio Environmental Protection Agency (OEPA) and the US Army Corps of Engineers issued permits for the plant in 2008, the Sierra Club and the Natural Resource Defense Council filed appeals challenging the building permits.

The plaintiffs accused the government entities of failing to adequately assess the environmental impact of Baard’s proposed liquefaction plant. Although the appeal for one of the three permits has since been ruled in Baard’s favor, the action forced the company to rescind its application for $2.5 billion in funding through the US Department of Energy’s Loan Guarantee Program.

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Comments

Clean fuel from coal??? Who is twisting the truth? Is this a joke?

A properly run FT plant should have zero or almost zero toxic emissions. The only off gases would be water vapor, and CO2 which is not toxic when diluted out the stack, and the election yest was a clear as day rejection of this administration and the economic and climate policies. Yest was historic trumping even the bloodbath of 1994, not since 1938 have the American people rejected a admin as much. now the adults can make energy policy and coal to liquid is needed to replace sending billions to countries that are openly hostile to our way of life and our very lives. Most people in this country do not buy in to CO2 being a dangerous gas this was show last night too. The people have spoken and the consent has been removed to continue against the will of the people is to invite disaster as the 2nd amendment comes to play next.

Oh please, the GOP has been given 2 years to shut up and get something done. If they do not deliver there will be MORE change in 2 years.

"Most people in this country do not buy in to CO2 being a dangerous gas..." Most people worldwide and most scientists who have no AGW funding.

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