Good Spring IGCC A Repeatable New Development Model for Gasification

Transcription

1 Good Spring IGCC A Repeatable New Development Model for Gasification Presented By: James P. Palumbo, PE, EmberClear Gasification Technologies, Conference 2011 October 10, 2011

2 EmberClear: Company Overview Turnkey project solutions with commercialized technology and financing. Fastest turn around time in the Western world. Fabricators EPC Technology/Huaneng (HCERI) Partner Banks & Investors EmberClear 2

3 EmberClear: Company Overview Exclusive rights to HCERI commercial technologies o Gasification, CFB, Super Critical and CCS Strong Presence in high growth energy regions o Americas, Eastern Europe and India Financing for qualified projects through Asian partners o Helping clients develop power and CTL project in US and Europe Owner of Good Spring IGCC o Fully permitted 270 MWe (net) facility in U.S. EmberClear traded Toronto Venture Stock Exchange (TSXV: EMB) o Offices in Calgary, Houston, Pennsylvania, Bratislava, Beijing 3

4 China Huaneng : Company Overview Already collaborating with U.S. Government Largest coal IPP: 115 GWs power in China & Australia NYSE division of Huaneng $7 billion USD market cap Huaneng China Energy Research Institute (HCERI), a worldrenowned R & D facility with advanced Gasification, Circulating Fluidized Bed (CFB) and other clean coal technologies 4

5 New Project Paradigm: China & U.S. Must Work Together Sustainable project success and easy to replicate Global credibility as biggest energy consumers Largest government R&D programs Financially tied nations Track record of collaborative success (i.e. U.S. China Clean Energy Research Center, Huaneng Clean Energy Research Institute, GreenGen IGCC) 5

6 Knowledge Transfer From China Coal technologies Experience with hundreds of commercial projects GreenGen October 2011 Jobs and contracts in America GreenGen Knowledge Transferred To Good Spring 6

7 American Jobs and Contracts $5 billion economic impact on typical $950 million project i.e. Good Spring IGCC* Hundreds of millions flows to U.S. contractors 1,000 jobs per project Improves coal s outlook Good Spring Coal Drilling October 2011 * Figure computed from NEPA Alliance economic Impact study on Good Spring 10/11 7

8 Foreign Investment from Canada, China & Others Strategic debt and equity Subsidy from foreign governments rolled into technology Rigorous standards but less technology concerns Lower cost money Cheap U.S. dollar for foreign investors Lowest risk Better returns Indirect asset ownership structures 8

9 Good Spring Science Center Research on clean air Potential to displace shale gas fracking fluids with clean CO2 Potential favorable conditions for Shale and saline sinks Near Penn State Coal Research Labs Penn State gasification and CFB research 9

10 HCERI Gasification: Projects Constructed Greengen 250MW IGCC HCERI Gasification Commissioning Now 10 Shilin Methanol Gasification Project: Commissioning Feb

11 Good Spring IGCC Project 11

12 Good Spring IGCC, Schuylkill County, PA

13 Good Spring IGCC Project Consortium: Emberclear, HCERI, Sk Engineering & Aker Fully permitted 270 MW (net) & Carbon capture ready 200 million tons Anthracite coal, grid, rail, roads all on site Based upon HCERI GreenGen design currently in operation Investment estimate of $3,700 / kw (net) [< $3000 / kw gross] Status: Financed through foreign investment & no subsidy o The Power Purchase Agreement(s) are in process o Construction expected to start in 2012 o Commercial operation expected in 4 th qtr

14 Good Spring IGCC Project: Our Partners HCERI / Huaneng Group provided technology support and engineering o Gasification design o Carbon capture ready and utilization o Fabrication procurement assistance Sinopec provided engineering and procurement estimate o Estimate for equipment, transportation and major auxiliaries o Utilized construction experience of GreenGen project to assist in estimating capital cost o Coordination with Aker Kvaerner s total EPC estimate 14

15 Good Spring IGCC Project: Our Partners Aker Kvaerner o Overall capital cost estimate o > 80% of equipment quotes between Sinopec and Aker Kvaerner o Coordination with Sinopec to support total EPC estimate Partners o Lawrence Livermore Laboratory Carbon Utilization Advisor o Quad3 Group Site Development and Permitting o Clear Air Task Force Technical Advisor o Honeywell Process Modeling, Process Integration 15

16 Basis of Estimate Full design of site, utilities and off site improvements Logistics study & route survey report by Aker Kvaerner for movement of material from vendor to construction site Availability of skilled construction workers and detailed rates provided by regional labor groups Detailed equipment list and pricing provided by Sinopec and Aker Kvaerner Coordinated team effort by EmberClear, Aker Kvaerner and Sinopec to capitalize on experience with GreenGen 16

17 Good Spring IGCC Project: Capital Cost Estimate 17

18 CONCLUSION From feasibility studies to commissioning services; from technology licensing to financing - we are a one-stop-shop for your projects. Thank you! 18