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Teen solves centuries-old math problem
HOUSTON, June 15 (UPI) -- Plans for a coal gasification plant in Texas have been canceled due to high technology costs.
Tondu Corp. a Houston-based company, planned to build the plant in Corpus Christi but announced Thursday it was too expensive. Instead, a natural gas plant, between 125 and 150 megawatts, will be built with the option of implementing integrated gasification combine cycle technology, the Houston Chronicle reported.
The cost of the coal gasification technology put a $1.5 billion price tag on the plant compared with $500 million for the natural gas plant. The coal gasification developers won't provide performance guarantees, one of the major price drivers, said Joe Tondu, chief executive officer of Tondu.
"I can literally make a phone call and have six bids to build a gas-fired plant by tomorrow. We could have on running by next spring," Tondu said.
Coal to liquids projects in China were also recently canceled due to concern over water pollution. In Texas there are still two other coal gasification plants under consideration, and one in New York and New Jersey as well.
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