Report touts northern coal gasification

FAIRBANKS, ALASKA - A study commissioned by the Fairbanks Economic Development Corp. is touting the value of a local plant that could turn coal and biomass into liquid fuel.

The 179-page feasibility study said coal-to-liquids technology can work in a northern environment. Based on $120 per barrel crude oil, the report concluded, a plant would be financially viable.

Even with declining oil prices, such a project could pan out as a public-private partnership, said development corporation CEO Jim Dodson.

The development corporation commissioned the $550,000 study in May from Toronto-based Hatch Ltd. The report was paid for by a $300,000 state appropriation and $250,000 from the Fairbanks North Star Borough.

A coal-to-liquids plant could cost between $4 billion and $7.4 billion, depending on output volume and feedstock. Plans envision using Healy coal, but the study indicated that a combination of coal and natural gas could significantly cut harmful byproducts, including fly ash, slag and carbon dioxide.

The plant also could produce useful byproducts. Tremendous quantities of steam could feed district steam heat lines at Eielson, Fort Wainwright and even Fairbanks. The facility would generate all 120 megawatts or so of electricity needed for operations, and have around 40 megawatts left to shoot into Golden Valley Electric Association's grid.

Dodson cautioned that the feasibility report is only 3 to 4 percent of the total engineering needed for a project.

"It's on the preliminary end of this, but it is a necessary step we had to go through," he said.

Related News

commercial take out sign

Ontario unveils new tax breaks, subsidized hydro plan to spur economic recovery from COVID-19

TORONTO - The Ontario government's latest plan to help businesses survive and recover from the COVID-19 pandemic includes a suite of new tax breaks for small businesses and $1.3 billion to subsidize electricity bills for industrial and commercial operations.

The new measures were announced Thursday as part of Ontario's 2020 budget, which sets new provincial records for both spending and deficit projections.

The government of Premier Doug Ford says the budget will address barriers impeding long-term growth, ensuring the province forges a path to a full recovery from the pandemic.

"When the pandemic is over, Ontario will come back with a vengeance, stronger…

READ MORE
joe manchin

Manchin Calls For Stronger U.S. Canada Energy And Mineral Partnership

READ MORE

new zealand wind farm

As New Zealand gets serious about climate change, can electricity replace fossil fuels in time?

READ MORE

scott fielding

Manitoba looking to raise electricity rates 2.5 per cent each year for 3 years

READ MORE

commercial electricity meter

B.C. Commercial electricity consumption plummets during COVID-19 pandemic

READ MORE