SOURCE: Industrial Info Resources

December 09, 2009 05:15 ET

Alberta Government to Invest $271 Million in $1 Billion Swan Hills Coal Gasification, Power and CCS Project, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - December 9, 2009) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The government of Alberta recently signed a letter of intent with Swan Hills Synfuels (Calgary, Alberta) to develop a $1 billion coal gasification and carbon capture and storage (CCS) project in the north-central region of the province. The government is expected to invest about $271 million in the project from a $1.33 billion CCS fund. The coal gasification project will process deep-seated coal near Swan Hills and produce synthetic gas or syngas. Combustion of syngas, which has a low carbon-dioxide and high hydrogen content, is 50% cleaner than that of conventional natural gas. The syngas will be utilized to generate cleaner electricity. The CCS facility will capture 1.3 million tons per year of carbon dioxide, which will be used to revive oil wells through the enhanced oil recovery (EOR) process. Construction is expected to begin by 2011, with the first EOR scheduled for 2015.

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