This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

CONSOL Energy, VCCER Announce Research Project Aimed At Identifying Coal Seam Carbon Storage Alternatives









BUCHANAN COUNTY, Va., Feb. 4, 2013 /PRNewswire/ -- CONSOL Energy (NYSE: CNX) and the Virginia Center for Coal and Energy Research (VCCER) at Virginia Tech announced today their collaborative efforts on a research project to be conducted in Buchanan County, Va., with funding from the U.S. Department of Energy's National Energy Technology Laboratory (NETL).

The project is one of the carbon storage alternatives being explored by the NETL and will test the potential of unmineable coal seams to store carbon dioxide. CONSOL Energy will donate the use of three coalbed methane wells in the pilot project to be conducted by VCCER and NETL.

"We are pleased to be a part of this important research, which will serve to further define carbon storage alternatives and continue our collaborative efforts to develop clean coal technologies," said Steve Winberg, vice president of CONSOL Energy's research and development department.

Representatives of VCCER, CONSOL Energy and Cardno MM&A (formerly Marshall Miller & Associates, a Southwest Virginia geological and mining consulting firm) were in attendance at the February meeting of the Buchanan County Board of Supervisors today to explain the project and its significance to members of the board and the public.

Using three coalbed methane wells donated by CONSOL Energy's CNX Gas Virginia operations, plans are to inject and store up to 20,000 tons of carbon dioxide (CO 2) into underlying coal seams at the identified site this fall.  CO 2  is a naturally occurring odorless, colorless atmospheric gas. It is exhaled every time we breathe and one of its common uses is in the carbonation of drinks, including sodas.

The injection will be performed during a one-year period and builds on a recently completed 1,000-ton injection test that took place in neighboring Russell County, Va. in 2009. CNX Gas, VCCER and NETL also participated in that test.

For this current research program, a comprehensive plan to monitor the injected CO 2 has been established by VCCER and NETL to allow understanding of the feasibility of CO 2 storage in unmineable coal seams and to explore the potential for enhanced coal bed methane recovery (ECBM). It is expected that the coal seam will adsorb the carbon dioxide and potentially release even more methane for collection and use, as occurred in the smaller scale test in Russell County. The current test is part of a larger effort funded by NETL for carbon capture, utilization, and storage (CCUS) projects.

CCUS is the process of capturing CO 2 from large stationary sources, such as power plants, using that CO 2 to produce more oil or natural gas from an existing field and simultaneously storing the CO2 in a way that prevents its release to the atmosphere.

"The research will test the ability to inject CO 2 into coal seams that cannot be mined, as well as the potential to enhance coalbed methane recovery," said Dr. Michael Karmis, director of the Virginia Center for Coal and Energy Research and the Stonie Barker Professor of Mining and Minerals Engineering at Virginia Tech. "I must praise the tremendous cooperation of the gas operator, CONSOL Energy's CNX Gas; and the mineral owner, Harrison-Wyatt, LLC, whose generosity helps make this most important research possible."

For this pilot test, the three existing coalbed methane wells to be utilized will be converted for CO 2 injection and three new wells will be drilled to monitor reservoir pressure, gas composition and the CO 2 path. The targeted coal seams are in the Pocahontas and Lee formations and range from 900 to 2,200 feet in depth and from 0.7 – 2.5 feet in thickness. The pilot project is expected to begin in Fall of 2013.

"The results of this test will be vital to assess the potential of geologic storage in Appalachian coal seams as a safe and permanent method to mitigate greenhouse gas emissions while enhancing coalbed methane recovery," Karmis explained.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs