Caterpillar Inc. intends to join the FutureGen Alliance, a public-private partnership established to build a first-of-its-kind coal-fired, near-zero emissions power plant in Mattoon, Illinois.
The FutureGen facility is designed to be the cleanest coal burning plant in the world and will integrate advanced technologies for coal gasification, electricity production, emissions control, carbon dioxide capture and permanent storage and hydrogen production on a commercial scale.
The FutureGen plant is a 275-megawatt integrated gasification combined-cycle (IGCC) power plant. It will be capable of powering about 150,000 homes. The United States Department of Energy will provide more than $1 billion in funding to the project.
With 2009 sales and revenues of $32.396 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines.