Looks like the money's going to established companies, from the list you provided. Our "assets" in this area aren't comparable. For our assets to be comparable, millions of dollars in further research would need to be spent to prove them useful on an industrial scale.
Maybe Fluor will want to buy CTGI to get at that brilliant technology......stuff for more "dreamin'" and/or keeping false hopes alive...
Fluor Selected for SaskPower Carbon Capture Engineering
Features Fluor’s Econamine FG Plus
* Tuesday April 7, 2009, 9:01 am EDT
IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation announced today that it was awarded front-end engineering for CO2 capture for the SaskPower Boundary Dam Integrated Carbon Capture and Sequestration Demonstration project in Estevan, Saskatchewan, Canada. The contract value for the first quarter award was not disclosed. If the project proceeds as planned, it would be the first commercial-scale carbon capture system used on a coal-fired power plant in North America.
SaskPower’s project will transform the aging Unit 3 at Boundary Dam Power Station into a reliable, long-term producer of clean electricity while enhancing provincial oil production and reducing greenhouse gas emissions. This leading-edge project will determine the technical, economic and environmental performance of carbon capture and storage technology.
“Fluor is looking forward to demonstrating the benefits of our commercially-proven carbon capture technology,” said Dave Dunning, president of Fluor’s Power Group. “Fluor is a leader in the power industry and our industry-proven Econamine FG Plus SM technology is just one example of our commitment to client needs.”
The front-end engineering involves the preparation of a detailed process design, cost estimate and a design verification analysis using Fluor’s CO2 technology. Fluor is one of three companies selected to proceed to the next stage for further evaluation of the carbon capture technologies. SaskPower is expected to make a final selection by the end of 2009.
“Our leadership in clean energy is demonstrated by our use of Fluor’s proven Econamine FG Plus SM technology since 1989,” said Don Broeils, vice president for plant betterment, within Fluor’s Power Group. “We have successfully applied it to fossil-fueled boilers, gas turbines, gas engines and steam reformers to operate with significantly lower capital and operating costs.”
Fluor’s CO2 capture technology was successfully demonstrated for 14 years at a gas and oil-fired combined cycle power plant in Bellingham, Mass. The plant produced 365 tons of liquefied food grade CO2 daily for local sale. Fluor’s Econamine FG PlusSM technology has also recently been selected for FEED study opportunities in Germany and Norway.
About Fluor
Fluor Corporation (NYSE: FLR - News) designs, builds and maintains many of the world's most challenging and complex projects. Through its global network of offices on six continents, the company provides comprehensive capabilities and world-class expertise in the fields of engineering, procurement, construction, commissioning, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 200 company and had revenues of $22.3 billion in 2008. For more information, visit www.fluor.com.
Contact:
Fluor Corporation Media Relations Keith Stephens, 469-398-7624 or Investor Relations Ken Lockwood / Jason Landkamer, 469-398-7220 / 469-398-7222
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