Future Fuels Announces New Emissions Tech

" Future fuel says -- into a deal to exchange some technical information with China's thermal power research. -- clean coal deal basically aims to help progress the deficiency at the cost of climate change technology around the world joining us now is future funeral director Albert. Lynn is joining us now Albert Bryan Sullivan thanks for bringing being -- us here. I think frequent traveler a cross Pennsylvania there are a lot of billboards. That are basically saying save coal you don't produces X amount of our power. Because as we know as you know there is an anti coal movement in the United States. Is part of this deal designed to get around much of the criticism. That the fossil fuel industries have been facing."

" Absolutely I mean there's no doubt that a lot of the United States energy has been built around coal. Certainly our electricity supply is dependent on it. I think if we can demonstrate that coal can be done in a much cleaner fashion all the way across the board from articulates to all the acid rain gases and the CO2. Then I think the general population will. -- accept the idea that we indeed have a homegrown. Energy source that is actually quite clean. Lot of the environmental critics will say go clean coal as an oxy moron there's no such thing. How clean is -- what kind of emissions reductions are you talking about. For the acid rain gases like the -- in the Knox as they refer to it for articulates for Mercury we are in order of magnitude so what 90%. Or greater cut. Then the traditional coal fire plant that is operating today in generating today's electricity. Furthermore will be able to capture at least half of the CO2 immediately on start up. And over a period of about five years of operation we will have captured. Up to 90%. Or higher of the CO2 as well. You're going into Pennsylvania we know the northeast is in dire need of power we found that out a couple of years ago here massive blackout in new York and really all across the mid Atlantic region. What kind of car production are you talking about and why did you select Pennsylvania. Very good questions first this initial plant is about an average sized plant it's 270. Megawatts of five net output power. If it goes well I'm -- thousand films I watch it anymore it -- somebody else than you ever like -- them last week is -- about a thousand homes a megawatt. Yes people like to use that as a general benchmark but the reality is the per home usage of electricity is on the rise. -- trying to figure out how many homes that we're talking about the people don't say hey you know what this what we need it's. I don't have an exact figure for you because actually that the range of how people using electricity in different markets is is is quite know why but let's. Let's just say 270 megawatts is not a demonstration. Norm are indeed -- side -- level of power it's here it's getting close to your average you know. Power plant in size. Okay let's get in Pennsylvania and jobs that's what everybody's talking about these days is jobs are you bringing jobs to Pennsylvania. -- absolutely this is a billion dollar project it's going to take 1200 or so construction workers in the good spring area for about a two to three year period to build it. After that it's going to need about a 150 maybe 200 full time workers operate the facility. And we chose -- spring because it's again like you pointed out it's located in an area that needs power and has accommodating power prices. But it's also got tremendous supply there's -- very. Great infrastructure for anthracite or very high in coal. That we can use without having to bear all the costs and pollution and everything associated with large amounts of transportation of that coal. And that's what makes it such a great setting to allow us. To take those savings and invested in the technologies that we need to make it much cleaner very expensive as you noted a billion bucks a big backer is a Chinese power company. Is that by necessity I mean our American companies maybe not investing because they fear. The environmental backlash are -- staying away even if they think it's a good business model. Well between the lack of policy and and knowing what the rules of the game are going forward on carbon dioxide emissions and things like that US companies are. Somewhat reluctant to move ahead. Now China on the other hand I think they are able to move much more quickly we're dealing with the largest power utility in the world. They happen to want to go green very quickly and they have made a tremendous amount of investment in those technologies to. Use coal more cleanly and that's what made via appeal to work with them and it's been a tremendous venture with them. Outer -- in the future fuels director we appreciate your time Robert great project bringing jobs to Pennsylvania thanks so much for being our guest on Fox Business. You're very welcome."