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26 January 2007 -- Hunton Energy, a Texas-based independent power producer, announced plans to build the $2.4 billion Lockwood integrated gasification combined cycle (IGCC) plant in the Houston area that will capture and sequester CO2.
Hunton Energy is participating in ongoing discussions with consortiums led by General Electric and ConocoPhillips regarding the gasification process to be selected for the Lockwood Project. Hunton expects to release a letter of intent with either the GE or ConocoPhillips teams in early first quarter 2007.
The plant will gasify a petroleum refinery byproduct, petroleum coke, and generate 1,200 MW of power. The company expects to capture, use or sequester all of the power plant's byproducts, including mercury, SO2 and CO2.
The Lockwood Plant will use pet coke as its primary fuel; pet coke (petroleum coke) is a refinery byproduct with properties similar to coal. As the pet coke is processed, a high efficiency gas turbine burns the resulting gases. The heat from this process is captured and used to drive a steam turbine thereby maximizing the generation of electricity.
A 200-acre site is under contract subject to the successful negotiation of tax incentives. A long-term supply arrangement is in place with Valero Energy Corp. to receive pet coke for processing in return for power generated at the plant. The permitting process is underway and the permit will be filed in the first quarter of this year.
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