Among the hardest hit by this bill will be coal producing burning plants that produce electricity. The purpose of the bill as you already know is to address carbon emissions. Clean coal "is" one of four parts to this bill. The part of the bill that addresses coal will benefit Chemtura tremendously and should provide Chemtura with billions in new revenue if implemented.
"American Clean Energy and Security Act-A.K.A ACES H.R. 2454"
Carbon Capture and Sequestration. The draft promotes development of carbon capture and sequestration (CCS) technologies to ensure a continuing place for coal in our nation’s energy future. CCS is a method of reducing global warming pollution by capturing and injecting underground the carbon dioxide emitted from electricity generation plants that use fossil fuels. The draft includes a CCS early demonstration program, incentives for the wide-scale commercial deployment of CCS, and performance standards for new coal-fired power plants.
These are some specifics about the requirements for coal burning plants through 2025.
Coal-fired power plants:
New coal plants could be built between 2009 and 2020, though they would be expected to adopt carbon-capture-and-sequestration (CCS) technologies when they become commercially available
By 2025, all coal plants built after 2009 would have to capture 50 percent of their CO2 emissions
Coal plants built after 2020 would have to capture 65 percent of CO2
Early movers on CCS would be rewarded—for every ton of CO2 it sequesters, an electric utility that gets at least half its power from coal would receive bonus emission permits for 10 years
$1 billion would go toward CCS demonstration and deployment each year, funded by a fee on consumers of fossil-based electricity
Energy-efficiency standards.
Hopefully this gives you and idea of the impact this bill will have on Chemtura's bottom line.
