Air Pollution Control Equipment Services, Gas, New Projects

Exelon, CB&I, 8 Rivers develop zero emission natural gas-fired project

CB&I (NYSE: CBI), Exelon Generation (NYSE: EXC) and 8 Rivers Capital have teamed to build a $140 million demonstration power plant that produces zero emissions from natural gas.

The plant will be built in Texas using a supercritical carbon dioxide (CO2) turbine from Toshiba. The plant will demonstrate NET Power’s Allam Cycle technology, which uses CO2 as a working fluid to drive a combustion turbine and produces pipeline-quality CO2 that can be sequestered or used in various industrial processes such as enhanced oil recovery.

The project includes technology development, plant design and construction, and a full testing and operations program. CB&I will provide engineering, procurement and construction services, 8 Rivers, which invented the Allam Cycle, will provide the technology development and intellectual property for the cycle, and Exelon will operate and maintain the plant. Design activities have been ongoing since 2010, and commissioning is expected by 2016.