Welcome to the latest edition of the Energy Recap. This week, we wanted to examine a topic suggested to us by a reader awhile ago — coal gasification. In its current incarnation, it is considered a “clean” way to convert coal into electricity, hydrogen, and other energy products. According to The Gasification and Syngas Technologies Council, “there are currently 74 plants under construction worldwide that will have a total of 238 gasifiers and produce 83 MWth.”
However, issues in the coal gasification industry have surfaced of late, as “Duke Energy’s (NYSE:DUK) Edwardsport coal gasification plant in Indiana has cost $1.5 billion more than originally planned … [and] Mississippi regulators concerned about the rising costs of Southern Co.’s (NYSE:SO) Kemper plant ordered the company last month to transition the plant to natural gas.”
So, what are your thoughts about coal gasification? Do you think it’s still a viable form of clean energy? Or have recent problems cast a shadow over the future of the industry? Please leave us your thoughts in the comments section below.
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Here’s a list of the most recent bankruptcy announcements in the energy sector:
Feel free to add any that we might have missed in the comments section below.
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Disclosure:I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.