Thursday, August 9, 2012

Chicago to Build $3 Billion Coal Gasification Plant

Chicago to Build $3 Billion Coal Gasification Plant

The Chicago Clean Energy project is a gasification plant which will produce synthetic natural gas from coal and petroleum coke.  The facility will cost about $3 billion and is estimated to create more than $10 billion in economic output for the state of Illinois, 2,000 new jobs, and $1.25 billion in tax revenues.The natural gas produced will equate to about five percent of Illinois’ annual demand, and provide a fuel source to be used in power plants which is 99 percent cleaner than that used in conventional power plants.The project will…Read more...

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