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27 June 2006 -- U.S. Energy Secretary Samuel W. Bodman and South Korean Minister of Commerce, Industry & Energy, Chung Sye Kyun, today signed an agreement making South Korea the second country, after India, to join the United States in the FutureGen International Partnership.
Korea has pledged $10 million to help build and operate the world's first zero-emissions coal-fired power plant and will sit on a government steering committee to oversee this initiative. Once operational, this plant will remove and sequester carbon dioxide while producing electricity and hydrogen, making it the environmentally cleanest fossil fuel fired power plant in the world.
"This agreement signifies our collective commitment to global technological leadership on climate change and future energy needs," Bodman said.
The $1 billion FutureGen initiative is a 10-year effort announced by President Bush in 2003 to integrate advanced coal gasification technology, hydrogen from coal, power generation, and carbon dioxide capture and geologic storage. FutureGen will initiate operations in 2012 and will be the first plant in the world to produce both electricity and commercial-grade hydrogen from coal, simultaneously. Virtually every aspect of the 275 MW prototype plant will be based on new technology.
Twelve sites in seven states have been named as candidates to host the $1 billion FutureGen power plant. The FutureGen Alliance plans to deliver a list of finalist sites to the U.S. Department of Energy (DOE) this summer following a rigorous evaluation based on criteria developed jointly by the Alliance and DOE. The department will review the candidate sites in accordance with the National Environmental Policy Act and select a final site in the fall of 2007.
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