RE: New Clean Coal Plant near Beijing...Promising 'The Tianjin plant is small by industry standards -- about 250 megawatts or about one-quarter the capacity of a nuclear power plant -- but is important symbolically. It is the first evidence that Beijing's 2005 GreenGen program to build a coal-fired power plant with near-zero emissions by 2015 is on track.
With all good things, there's a catch. This time it's price. By one estimate, the combination of ICGG and carbon capture technology could raise the price of burning coal by as much as 60%. The hope is that as the industry gets better at building and managing the technology, the costs will drop. The trouble is, no one knows how soon."
SWEEET! Judging by this article, this technology will be commercially viable much sooner than I thought! 90% clean now and zero emmissions by 2015???!!! And an increase in price to do so of only 60%???!!! Natural gas now on parity with coal - in the US, in terms of electricity generation - is widely estimated to go up 100% in price by then. Is this for real or am I dreaming??? This might be the day I was talking about, where one day we will wake up and find its here. King Coal will be termed Kahuna Coal. Coal stocks "should" start taking off soon just based on this article. And when they do because of this viable technology, they will never look back. Not pumpling here, just pumped. Someone please tell me if I had too much applejack tonight. Shorts - run for cover now!!!!
https://www.youtube.com/watch?v=h-LbvFckptY