Mississippi Power’s chief executive officer said the plant will use lignite, of which the state has a 4-billion-ton supply. Through coal gasification technology, the plant would both produce electricity and capture 50 percent of carbon dioxide emissions.
The plant will also use integrated gasification combined cycle (IGCC) technology and will receive $133 million in tax credits under the National Energy Policy Act of 2005.
The captured carbon would then be compressed and sold to a company that will inject it into depleted oil wells around Mississippi in an enhance the extraction of the oil fields at those sites.
The plant is anticipated to open between 2013 and 2015.