The Potential of Green Coal

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The Potential of Green Coal

  1. 1. Clean Coal… Green Coal… Clean coal use triples as regulated emissions decline 80%+; Green coal now provides a path to near-zero emissions. near- 1
  2. 2. Coal Recognized as Low-Cost, Low-Carbon Option European Union International Energy Agency ● Costs of achieving ● Without CCS, cost climate goals would be to meet climate goal is 40% higher without g $ $1.3 trillion more by 2050 y carbon capture and – 71% higher than if coal with storage CCS is included $ $ Carnegie Mellon Study: Coal with CCS 15% to 50% Below Nuclear, Wind or Natural Gas with CCS 2
  3. 3. Peabody: A Global Leader in Btu Conversion and Clean Coal Solutions Advancing Signature Climate Projects in U.S., China and Australia BTU is a member of BTU has Only non-Chinese non Chinese BTU is a long- long Australia’s A t li ’ COAL21 investment equity partner in standing supporter Fund to advance in GreatPoint GreenGen, China’s of the Vision 21 near-zero emissions Energy to develop centerpiece coal / and FutureGen through technologies coal-to-gas plants climate initiative clean coal projects such as oxyfuel 3
  4. 4. Carbon Capture and Storage Projects Accelerating Around the World Statoil’s Sleipner, Norway Great Plains Synfuels Plant, USA G t Pl i S f l Pl t Planned GreenGen, China Peabody is equity partner AEP’s Mountaineer Plant, USA Schwarze Pumpe, Germany S h P G Current CO2 Capture Projects Gasification Synfuels Plant Current CO2 Storage Demonstration Projects Major Pilot Plants (Post-Combustion) ECBM Projects CO2 Separation from Natural Gas for CCS EOR Projects Food-grade CO2/Carbonation of Brine/ Gas Production Fields Urea (Post-Combustion) Saline Aquifer Source: International Energy Agency Greenhouse Gas R&D Programme; National Mining Association, 2009. 4
  5. 5. Global Clean Coal Projects: Advancing to Critical Mass ● United States: $3.4 billion to CCS and U.S. Energy Department announces intent to move FutureGen forward ● Australia: $100 million in annual funding for 20 commercial scale projects worldwide by 2020; Queensland oxyfuel project under wayy ● Canada: $860 million in research funds for reducing carbon ● China: GreenGen near-zero emissions power project under construction as centerpiece climate initiative ● United Kingdom: Four CCS demonstration projects to be developed, historic £3.5 million study of storage ● Europe: New initiative with China, India and other emerging economies to help develop and finance low-carbon technologies 5
  6. 6. FutureGen: America’s Path to Green Energy Peabody is a Founding Sponsor of the FutureGen Alliance 6
  7. 7. FutureGen History: Powerful Progress February 2003: March 2006: 7 November 2007: FutureGen states issue 12 Environmental Impact announced proposals to Statement issued on host site preferred sites December 2007: Feb 2008: March 2009: $1B Alliance selects FutureGen stimulus for near-zero Mattoon, Ill. restructured; emissions power Alliance continues projects, bold vision to fund, receives from new DOE Illinois grants • Alliance contributions of ~$300MM, $2B+ gap June 2009: “Statement July 2009: DOE of Principles,” Limited cost sharing Scope Cooperative restored, Record of t d R d f Agreement Decision issued 7 7
  8. 8. FutureGen: A Bright Future Ahead Strong Political Support from Administration, Congress Alliance and DOE have Alli d h DOE: Visionary Leadership agreed to scope of with Practical Utility, R&D work as part of LSCA Experience ● DOE to provide $15M to Secretary of Energy Steven Chu y gy fund scope of work ● Dan Poneman ● Alliance to provide $3M to Deputy Secretary of Energy fund scope of work ($2M ● Dr. Kristina Johnson retroactive) Under Secretary of Energy ● No further funding required ● Dr. James Markowsky Asst. in 2009 Sec. for Fossil Energy 8 8
  9. 9. Coal’s Carbon Content = Competitive Advantage g Robust Enhanced Oil Recovery Market Increases U.S. Energy Supply Over the next three decades: ● Best practices 64 billion barrels EOR ● Next generation 87 billion barrels EOR ● Net new market 12 billion tons of CO2 best practices ● Net new market 14 billion tons of CO2 next generation ● Total coal use: 6 - 7 billion tons for EOR Source: National Energy Technology Laboratory, U.S. Department of Energy, “Storing CO2 and Producing Domestic Crude Oil with Next Generation CO2-EOR Technology,” Jan. 9, 2009. 9
  10. 10. U.S. Has Massive CO2, EOR Capabilities In Red, U.S. Basins/Regions Studied for Future CO2 Storage and Enhanced Oil Recovery The 27 states with shading are included in the 11 Advanced Resources International updated “basin studies” of CO2 storage with enhanced oil recovery. Source: National Energy Technology Laboratory, U.S. Department of Energy, “Storing CO2 and Producing Domestic Crude Oil with Next Generation CO2-EOR Technology, Jan. 9, 2009. 10
  11. 11. The Clear Path to Clean Air and Near-Zero Emissions with Green Coal New Supercritical Plants and CCS Demonstration Essential Advanced Supercritical Combustion Plants Demonstrating Carbon Capture / Storage (CCS) D t ti C b C t St Commercial CTG/CTL with CCS Commercial IGCC with CCS Retrofitting PC Plants with CCS 2007 2010 2020 2030 11
  12. 12. Coal and Btu Conversion: A Fuel for All Seasons A Flexible Power Source for the 21st Century 12
  13. 13. Kentucky NewGas to Transform Clean Coal to Natural Gas Peabody Energy and ConocoPhillips Partner to Develop High- High-Tech Energy Center in Heart of Kentucky ● Project would 1 200 jobs during 1,200 the four-year construction period and over 500 long-term, skilled jobs. jobs ● Ultra clean gasification process removes virtually all impurities. ● Over 99% of the sulfur will be recovered and marketed for use in the fertilizer industry. ● Project would be carbon storage ready ● Western Kentucky Carbon Storage Foundation helping fund study to evaluate geology for CO2 storage 13
  14. 14. U.S. Call to Action in Letter to Energy Ministers gy Dr. Steven Chu Calls for 10 Demonstration CCS Plants by 2016 in Letter to Carbon Sequestration Leadership Forum “ We must make it our goal to advance carbon capture and storage technology to the point where widespread, affordable deployment can begin in 8 to 10 years. It will require an aggressive global effort, harnessing the scientific talent and resources of governments as well as industry. The U.S.’s commitment industry U S ’s could bring up to ten commercial U.S. Secretary of Energy demonstration projects online by Dr. Dr Steven Chu 2016. ” Source: Secretary of Energy Chu: Oct. 12, 2009 Letter to Carbon Sequestration Leadership Forum in London, U.K. 14
  15. 15. Carbon Capture & Storage is Essential to Any Carbon Reduction Plan ● “CCS is therefore essential to the achievement of deep emission cuts.” “CO2 capture and storage – or CCS – is one of the most vital options for revolutionising power generation, with CCS projected to d li j d deliver 20% of the total CO2 savings f h l i needed to cut global emissions by 50% by 2050.” – IEA Executive Director Nobuo Tanaka ● “The vast majority of new power stations in China and India will be coal-fired, not may be coal-fired will be. So coal-fired coal-fired, be developing carbon capture and storage technology is not optional, it is literally of the essence.” – Former British Prime Minister Ton Blair Tony 15

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