White Energy, Peabody start clean coal project

subscribe

Peabody Energy and AustraliaÂ’s White Energy Co. Ltd. have agreed to develop a coal upgrading plant at a Peabody operation at PeabodyÂ’s Powder River Basin site in Wyoming. Peabody also might buy up to a 15 percent interest in White Energy.

Financial terms were not disclosed.

The plant will use White EnergyÂ’s patented technology to take coal with a lower heating value and increase its overall energy content by about 35 percent. The resulting coal is cleaner, with lower carbon and other emissions, the companies said.

The first phase of the project is expected to produce more than 1 million tons of upgraded coal per year, and later phases could up plant capacity to more than 20 million tons a year. The companies said that they have begun engineering design and permitting activities for the first phase, which are expected to take up to two years.

The new agreement also gives Peabody the first right to participate in new coal upgrading development projects that White Energy undertakes in North America and China.

"We view this technology as a way to unlock further value in our reserves in the Powder River Basin and at other locations to create new marketing opportunities for U.S. or export customers," said Richard Navarre, Peabody's president and chief commercial officer, in a statement.

White Energy Co. Ltd., based in Sydney, Australia, is the parent company of White Energy Coal North America.

St. Louis-based Peabody is the world's largest private-sector coal company. Its coal products fuel about 10 percent of all U.S. electricity generation and 2 percent of worldwide electricity. Peabody had $6.6 billion in 2008 revenue.

Related News

Andrew M. Cuomo

NY Governor Cuomo Announces Green New Deal Included in 2019 Executive Budget

ALBANY - New York Governor Andrew M. Cuomo announced the Green New Deal, a nation-leading clean energy and jobs agenda that will aggressively put New York State on a path to economy-wide carbon neutrality, is included in the 2019 Executive Budget. The landmark plan provides for a just transition to clean energy that spurs growth of the green economy and prioritizes the needs of low- to moderate-income New Yorkers.

"Climate change is a reality, and the consequences of delay are a matter of life and death. We know what we must do. Now we have to have the vision, the courage,…

READ MORE
electricity pylon

Solar changing shape of electricity prices in Northern Europe

READ MORE

bc-hydro-rates-to-rise-by-3-75-over-two-years

BC Hydro Rates to Rise by 3.75% Over Two Years

READ MORE

tucson line workers

Cost, safety drive line-burying decisions at Tucson Electric Power

READ MORE

bc electricity demand

BC Hydro Expects To See Electricity Usage Rise This Holiday Season

READ MORE