MARKETS

Anglo joins FutureGen

ANGLO American has joined the US Department of Energys FutureGen project, a consortium of electri...

Staff Reporter
Anglo joins FutureGen

Anglo joins companies American Electric Power, BHP Billiton, the China Huaneng Group and CONSOL Energy, as well as Foundation Coal, Kennecott Energy, Peabody Energy and Southern Company. These member companies provide energy to tens of millions of international residential, business and industrial customers.

The FutureGen partners are contributing up to $US250 million to help fund project development while the US Government is investing $US700 million.

The consortium is facilitating the design, construction and operation of the first "zero-emissions" coal-fuelled power plant and hydrogen production facility with integrated carbon capture and sequestration.

FutureGen Alliance chairman Dr Charles Goodman said Anglo’s participation would add to the alliance's expertise and demonstrated growing international cooperation to meet long-term global energy challenges through clean energy from coal.

“FutureGen is continuing a steady march toward development with a powerhouse coalition of global energy partners spanning five continents," he said.

Anglo chief Tony Trahar said the company’s participation in FutureGen complemented existing projects in China and the Monash Energy project in Australia. He said the move was a further step in Anglo’s commitment to participating in the development of clean coal technologies, which ensure that coal remains an important and sustainable energy source for the future.

The alliance is going through site selection for FutureGen in the United States with plans to begin construction in three years, with the plant operational by 2012.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production