Clean-coal project gains government support

HOUSTON (Reuters) – The Taylorville Energy Center, a proposed clean-coal project to be built in Illinois, expects to obtain a federal loan guarantee of nearly $2.6 billion after being selected by the U.S. Department of Energy for final term-sheet negotiations, the developers said on Friday.

Taylorville, a hybrid integrated gasification combined cycle (IGCC) plant, will produce 525 to 550 megawatts of electricity along with substitute natural gas.

The plant will also capture and store at least 50 percent of its carbon dioxide emissions, reducing emissions to levels more like that of natural gas-fired plants.

Reuters