Recent

% | $
Quotes you view appear here for quick access.

Peabody Energy Corp. Message Board

  • bluecheese4u bluecheese4u May 23, 2013 1:31 AM Flag

    All's well on SaskPower project

    On time and on budget, Monea says

    By Bruce Johnstone, Leader-Post May 22, 2013

    After more than a decade of study, over a billion dollars of investment, a few missteps and a couple of surprises, SaskPower's $1.24-billion Integrated Carbon Capture and Storage project at Boundary Dam's Unit 3 is on schedule and on budget, a CCS symposium was told here Tuesday.

    And SaskPower wants to share the lessons learned from the world's first commercial-scale clean coal project through a global consortium of businesses, government agencies, research groups, educational institutions and environmental organizations with an interest in CCS.

    "It is the world's first commercially based carbon capture facility for a power (generating) unit,'' SaskPower president and CEO Robert Watson said. "What we want to do (with the consortium) is bring Boundary Dam to the world.''

    To that end, about 100 delegates from a dozen countries are attending the three-day Carbon Capture and Storage Information and Planning Symposium, which includes a tour of the Boundary Dam Unit 3 project in Estevan on Wednesday.

    Following completion of the construction phase, testing of BD3 will begin this fall, Watson said. When fully operational in April 2014, BD3 will reduce 90 per cent of the CO2 emissions from Unit 3, or one million tonnes of CO2 per year, which is equivalent to taking 250,000 vehicles off the road for a year.

    The million tonnes of CO2 captured by BD3 will be sold to Cenovus and shipped by pipeline to the Weyburn area, where it will be used in the Alberta-based company's CO2 enhanced oil recovery project.

    Mike Monea, president of carbon capture and storage initiatives for SaskPower, said the CCS project, which is about 70 per cent complete, should meet its capital budget of $1.24 billion.

    "I want to hit that target," Monea said after his presentation to the symposium. "I'd like to be below if I can."

    But, like

    leaderpostDOTcom/technology/well+SaskPower+project/8417105/story.html

 
BTU
3.63-0.12(-3.20%)May 22 4:00 PMEDT