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The Fairbanks Economic Development Corporation Coal-to-Liquids Plant, AK

STATUS: In progress with opposition

TYPE: Coal

OPPOSITION: Environmental: Sierra Club

PROSPECTS: Indeterminate

BACKGROUND: The proposed $2-6 billion plant would produce 20,000-40,000 barrels of liquid fuel per day from both coal and biomass. The plant would provide a solution to high energy costs in Fairbanks as well as manufacture jet fuel. In May, 2008, Fairbanks Economic Development Corp. (FEDC) signed a contract with Toronto-based engineering firm Hatch Ltd. to conduct a $550,000 screening study on a potential coal-to-liquids (CTL) plant in Fairbanks, Alaska.  Also, FEDC has been working with the US Air Force with respect to plant development.  The proposed plant would use the Fischer-Tropsch chemical conversion process – a process that converts coal and natural gas to liquid fuels. The facility would generate 60-200 megawatts of power and produce jet fuel, diesel and home heating oil. The coal-to-liquids plant could potentially supply fuel at a cost of approximately $2 per gallon about the same price customers pay when oil is going at $88 per barrel. The plant is opposed by environmental groups due to alleged “greenhouse gas emissions” concerns. 

LINKS: http://www.sierraclub.org/environmentallaw/coal/plantlist.aspx
 http://juneauempire.com/cgi-bin/printme.pl
http://www.newsminer.com/pages/full_story/push?article-Rep-+Young+wrangles+millions+for+carbon+sequestration+study+in+Alaska%20&id=5336042
http://www.investfairbanks.com/documents/Hatchpr2.pdf

LAST UPDATED: November 5, 2010