Introduction, Objectives, Agenda Tim Cornitius,
editor, Syngas Refiner
10:15 - 11:00 AM
IGCC: CO2 Sequestration and Utilization
Technologies Dan Mueller, senior
managing engineer, Exponent and
Sanjeev Saraf, senior engineer, Exponent
The first part of the presentation will briefly
discuss the IGCC technology process and challenges/opportunities
of CO2 capture and sequestration, and ultimate
beneficial use. Mueller and Saraf will also
discuss suitable storage including geologic
formation, transport of CO2 from the IGCC to
permanent storage, availability/regional differences
of suitable storage sites, regulatory framework,
and long-term monitoring and responsibility.
The speakers will also review some of the CO2
storage options and DOE Regional Carbon Sequestration
Partnerships. The second half of the presentation
will discuss technologies to utilize the captured
CO2. A technology that has generated a lot of
interest is cultivation of algae to consume
CO2 .The oil from these algae can be used to
produce Biodiesel. Mueller and Saraf will discuss
the capability of such algae-CO2 capture system
in terms of cultivation conditions and CO2 demands.
The speakers will also present on alternate
emerging technologies focused on utilizing CO2
from power plants.
11:00 - 11:45 AM
Investing in First Wave Gasification Projects Bret Scholtes, vice
president, GE Energy Financial Services
GE Energy Financial Services will address the
benefits and challenges of investing in the first
wave of US coal and petcoke gasification projects.
GE has invested in ERORA Group's Cash Creek, KY
IGCC co-production project that is expected to
encourage other investors to become part of this
growing industry momentum. The current environment
for investors in the gasification industry will
be discussed including the challenges facing investors
such as substantial development costs, increasing
capital costs and potential solutions.
11:45 - 12:45 PM
Lunch
12:45 - 1:30 PM
Gasification Project Financing: Lender Perspectives N. Clay Jones, director,
project finance, Société Générale
Jones will discuss core economics of financing
projects as industry faces rising capital costs
and risks involved with unproven technology.
He believes that dual IGCC gasifiers are needed
to achieve 90% availability and that an IGCC
investment is equivalent to pre-purchasing fuel
over an extended period of time - 15 to 25 years.
He will review fuel supply contracts, price
mitigation, lump-sum turnkey contracts through
negotiated FEED, wraps on technology as well
as capital recovery on offtake contracts. Key
decision questions will be addressed including
will natural gas be greater than $6/MMBtu long
term? Is gasification technology dependable?
Are capital costs well defined?
1:30 - 2:15 PM
Coal-to-Liquids Project Development: A Real-World
Case Study of One Intermediate Step on the Path
to Sustainability Stephen Johnson, president,
American Clean Coal Fuels
Stephen will discuss the project development
process for coal-to-liquids facilities, using
ACCF's Illinois Clean Fuels project as a case
study. He will cover key areas of project risk,
such as feedstock, technology, product price
volatility, and carbon management risks, and
ICF's strategy for addressing and mitigating
those risks. He will also discuss key opportunity
spaces for current and future synthetic fuels
projects, such as integration of biomass blends
(and perhaps eventual replacement of coal) as
feedstock, and the separate-but-associated goals
of carbon management and application, with an
eye to the ultimate goal of sustainably produced
carbon-neutral fuels.
2:15 - 2:45 PM
Break
2:45 - 3:30 PM
Developing US Power
Project Bill Martin, chairman
& CEO, Atlantic Energy Ventures
Atlantic Energy Ventures LLC, is developing a
coal to liquid project in Lawrence County, Ohio.
In Ohio, CME International Inc. had with Calpine
developed, through permitting an 1100 MW gas fired
plant. However, because of market changes, that
power project was no longer viable. In Ohio AEV
has found that electricity is the least valuable
commodity to produce from syn-gas, largely because
the company is in coal based electrical markets
and the capital cost of building IGCC plants leave
little margin to economically justify development
of such a facility. Instead, AEV looked at its
regional market and found that producing and selling
processed syn-gas would be more lucrative. In
Ohio AEV intends to produce fertilizer and methane.
The company is keenly attuned to any change in
market conditions, and remains flexible with regard
to final offtake. Currently, in Ohio AEV is re-permitting
the plant and negotiating in the long term off
take markets. AEV will discuss the process underway
in Ohio.
3:30 - 4:15 PM
Mitigating Project
Risk through Early Technical and Economic Analyses Phillip Brown, president
and CEO, Diversified Energy Corporation
Diversified Energy is currently performing advanced
gasification R&D activities and has developed
a comprehensive understanding of feedstocks, feed-handling
systems, commercial gasifiers, gas clean-up technologies,
back-end turbine or synthesis systems, CO2-handling
methods, operations and maintenance requirements,
and project economics. Brown will discuss how
developers of IGCC, CTL, SNG, and similar projects
should strive to get early, accurate, and project-specific
analyses on technical and economic viability prior
to committing large financial resources.
4:15 - 4:30 PM
Workshop Wrapup Tim Cornitius, Zeus
Development Corp.
