A $100 million coal gasification research center under development by General Electric (NYSE: GE) and the University of Wyoming has been cancelled. Both parties cited uncertain federal energy policy and lower natural gas prices as part of the reason to end plans.
News reports said construction of the High Plains Gasification-Advanced Technology Center was expected to begin in 2011 and finish by the end of 2012. A GE spokesperson was quoted as saying there is no market for clean coal projects to move forward.
The center would have consisted of a small-scale gasification system that would have allowed researchers to develop and validate advanced coal gasification technology solutions for Powder River Basin and other Wyoming coals.
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