Ameren pulls out of clean coal project

Ameren (NYSE: AEE), the power plant host for the FutureGen 2.0 carbon capture and storage (CCS) project, said it is working on a plan to supply a 369 MW coal- and oil-fired power plant in Meredosia, Ill., that would be converted to demonstrate the carbon-capture technology on a commercial scale, according to The New York Times.

Ameren reportedly told project partners that the company’s financial situation will not allow them to participate as promised.

Ameren said in October it would shut down the 369 MW Meredosia Energy Center because of proposed environmental regulations, but it proposed the oil-fired Unit 4 for use in FutureGen 2.0, a full-scale, oxycombustion coal-fired plant for capture and storage of carbon dioxide (CO2).

The project was first announced in 2003 by then-President George W. Bush. The project picked a site in Mattoon, Ill. but the administration ended the program in 2008, citing cost concerns.

In June 2009, the U.S. Department of Energy said it would invest more than $1 billion into the project, but said the money has to be spent by 2015.

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