Dallas Business Journal - by Stephen C. Webster Staff Writer
The FutureGen Alliance, a collective of some of the world's largest electric and coal companies, has selected Mattoon, Ill., as the site for its federally-funded cleaner coal plant.
Other sites considered by the FutureGen Alliance included two Texas cities: Odessa and Jewett. The alliance of companies also passed on a proposed site in Tuscola, Ill.
"I congratulate the City of Mattoon, Illinois, on its winning bid for hosting the FutureGen project," said Texas Governor Rick Perry, in a media advisory. "And though Texas was not selected, our teams in Jewett and Odessa and our state officials deserve to be commended for developing impressive proposals to attract this project to the Lone Star State. I am certain that the public-private partnerships identified and leveraged in our bid process will be valuable as Texas looks to take on future alternative energy projects."
The FutureGen Alliance plant, said to be a near-zero emissions endeavor, would generate electricity using coal gasification. Excess CO2 would then be converted into a supercritical fluid and injected into the ground at the rate of 1 million to 2.5 million metric tons per year.
The FutureGen Alliance plant will cost more than $1.5 billion to construct. It's being jointly funded by federal, state and local government, plus a $400 million capital injection by the companies.
swebster@bizjournals.com | 214-706-7156
FutureGen Passes on Texas for Coal Plant Site
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