TransAlta has a 1400 MW coal-fired power plant in Centralia, which burns 5.5
million tons of coal annually from the nearby mine. Combining data from
Sasol
and the
National Energy Technology Laboratory, a CTL plant using this much coal
would produce 50,000 barrels or about 1.5 million gallons of gasoline a day and
continue to produce 750 MW with almost all pollution, especially mercury,
removed. The plant would cost about $2.5 billion dollars to convert,
the mortgage on this would be about $450,000/day. Labor costs would be
$250,000 a day. O&M would be about $250,000 a day and profit to
TransAlta would be about $250,000 a day. If coal is $50/ton, with 15,000
tons/day used, or $750,000 a day in fuel costs, Total cost of production
including profit to TransAlta would therefore be about $2 million a day. The
economics favor such a plant assuming a contracted price for the fuel and
electricity by Seattle City light. This would encourage the
modernization of this plant to promote a cleaner environment and local supply of
synthetic gasoline equal to Seattle's daily consumption. The $2 million a day is
made up by buying the gasoline at $1.00 a gallon, or $1.5 million a day,
and the electrical output for $28/MWhr, or $500,000/day. The current
wholesale market price of gasoline is $2.00 a gallon, and the wholesale market
price of electricity is $60 per MWhr, so under current conditions, Seattle would
make $1 million a day under current conditions.
Eventually adding a
direct carbon fuel cell stage instead of the coke boiler stage would double
electrical output efficiency from 40% to 80%, halving greenhouse gas per
watt. Assuming this added $1.25 billion to the plant cost or
$250,000 a day, since no additional fuel would be used, TransAlta would make an
additional $250,000 a day, and Seattle would make another $500,000 a day at
current market rates.
Sept 30., 2006
Nigeria and Venezuala to Cut Production by 200,000 barrels a day.