Basin Electric Cooperative s Dry Fork Station, shown here last summer, is the newest coal-fired power plant in the nation. Wyoming s Integrated Test Center is attached to the plant, where researchers hope to come up with uses for carbon emissions. (Andrew Graham/WyoFile)
The United States Department of Energy last Friday announced $99 million in grants to study technology that removes carbon from industrial exhaust and uses it for other purposes, like manufacturing. More than half that money went to Wyoming’s Integrated Test Center, a facility based out of the Dry Fork Power Station in Gillette.
The same day, the DOE also announced a $3 million grant to support Wyoming-based research “focused on expanding and transforming the use of coal and coal-based resources to produce coal-based products, using carbon ore, rare earth elements and critical minerals,” delivering on a December letter of support co-signed by Wyoming Congress members Sen. John Barrasso and Rep. Liz Cheney
Federal grants add momentum to Wyo carbon capture movement
Basin Electric Cooperative’s Dry Fork Station, shown here last summer, is the newest coal-fired power plant in the nation. Wyoming’s Integrated Test Center is attached to the plant, where researchers hope to come up with uses for carbon emissions. (Andrew Graham, WyoFile)
The United States Department of Energy last Friday announced $99 million in grants to study technology that removes carbon from industrial exhaust and uses it for other purposes, like manufacturing. More than half that money went to Wyoming’s Integrated Test Center, a facility based out of the Dry Fork Power Station in Gillette.
EQT Enters Northeast Pennsylvania in $2.9B Deal for Alta’s Marcellus Assets
EQT Corp. agreed Thursday to acquire Alta Resources Development LLC in a $2.9 billion deal that would add another 300,000 net Marcellus Shale acres and give it entry into Northeast Pennsylvania.
The nation’s largest natural gas producer said the acquisition would push its volumes to 5.6 Bcfe/d from 4.6 Bcfe/d. Once completed, the company would hold 1.6 million net Marcellus acres. Management also said the assets would boost free cash flow (FCF), accelerate deleveraging targets and ultimately return the company to investment grade metrics.
“This Alta asset is really unique,” said CEO Toby Rice. “It’s derisked. There’s thousands of wells drilled in the area. It’s high margin with the midstream asset and the mineral structure.”
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DeSmog
May 24, 2020 @ 04:00
Progressive activists have called for a Green New Deal, a linking of the U.S. climate and labor movements to create an equitable and decarbonized economy and move away from fossil fuels to address the climate crisis. But major labor unions and President Barack Obama’s Energy Secretary have far different plans.
On the 50th anniversary of Earth Day, the AFL–CIO and the Energy Futures Initiative (EFI) a nonprofit founded and run by former Obama Energy Secretary Ernest Moniz launched the Labor Energy Partnership. Unlike those calling for a Green New Deal, though, this alliance supports increased fracking for oil and gas, as well as other controversial technologies that critics say prop up fossil fuels. It’s also an agenda matching a number of the former Energy Secretary’s personal financial investments.