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Kennedy Street Center for Business & Government Belfer Center for Science & International Affairs Kennedy School of Government, Harvard University W: 617.495.0834 M: 919.601.0563 wrosenberg@e3ventures.comF 0n R'U.S. Coal, Pet-Coke, Biomass Resources   Global Climate Change Challenge  Natural Gas Price Outlook-96% of Capacity Built Since 2000 Natural Gas TCF Demand from NGCC Fleet2Industry Needs Gasification Option to Stay in U.S.}nNatural Gas Challenge ^U.S. Incremental Natural Gas Supply LNG Imports Energy Policy Implications^Coal is most plentiful U.S. fossil resource Energy security, independence, and affordability Significant environmental concerns, including carbon emissions Continued & expanded coal use is a given how it is used is not Global climate change poses serious energy challenge Need to deploy technologies that can address CO2 U.S. technology leadership for global progress Natural gas is not panacea to solve energy/environmental problems Rapid demand growth Future supply uncertainty High prices and volatility New thinking and approaches are needed--Gasification, 5` BI 5,5/ /BI( IGCC Technology %Gasification offers clean alternative"Gasification Deployment Challenges National Gasification Strategy1.5 TCF/yr equivalent comparable to Alaska Gas Pipeline Domestic coal & gas resources Electric power & industrial gasification Federal loan guarantees Lower cost of capital Lower energy costs Low federal budget scoring Carbon capture and storage demonstration projectsV KD 2 <D2FGasification Domestic Supply Option Lower Cost of CapitaloLower interest rate 5.5% vs. 6.5% Higher leverage 80% vs. 55% debt Lower cost of capital Lower cost of energy   d dvf#New Plant Cost of Energy Comparison  Lower fuel & electricity prices xh  Deployment Challenges Met {Access to capital High capital costs Higher energy/fuel costs Operating uncertainty Federal budget impact Climate concerns &| { Senate Energy Committee (Domenici) Senator Alexander Administration Environmental Groups Industrial Gas Users Electric Industry Coal Industry State Governors Z/L    d  ` 3ffffƍ` 3f3fff̙3ff̙` ______` 3f33>?" dZ@?lKdd@%i< %-K@  P`lA n?" dd@   @@``PT   @ ` `p> >    $ (  $:F  $"n $ 0f"n $ 0f"" $ <G0*"p` *$ $ 0Р "@  RClick to edit Master text styles Second level Third level Fourth level Fifth level!     S $  ` ??" @  D*  $  `\ ??":Z   D*  $  ` ??"#5  H* ^T   $ "` n"  $ 0G"r  $B T?? $  ` ??"F i Z"Gasification as a Strategic Option##  $ 6 "P@ P ZB $ s *޽h ? 3f3fff̙3ff̙ Capsules  qi0 ((  ( ( 64zf"@  *" ( <pG0*"pp  * ( < "4    W#Click to edit Master subtitle style$ $lT    ( " `  n" (B 0G" R r ( T??"L   (  ` ??" @   H*  (  ` ??"     D*  (  ` ??"x  H*   (  `< ??"NnR  T Click to edit Master title style! !B ( s *޽h ? 3f3fff̙3ff̙" 0 P@2(  @ @ 0  P    Z*  @ 00     \* d @ c $ ?   @ 0  @  RClick to edit Master text styles Second level Third level Fourth level Fifth level!     S @ 6` 0PP   Z*  @ 6# 0 P  \* H @ 0޽h ? ̙3380___PPT10.H 48(  4 4 0 P   >*  4 0Ș    @*  4 6t 8PV   >*  4 6ࡵ 8 V  @* H 4 0޽h ? ̙3380___PPT10.       (  |  Tf??0 x  c $D($       0e0e  (||NR     `X ??h z<  (   ` ??0 #  IProject Contacts:z  Z ??P dg lDwight C. Alpern Legal & Regulatory Issues Phone: (202) 343-9151 Fax: (202) 343-2356 Alpern.Dwight@epa.gov F B \ V   `Į ??x .     ` ??3I+ C February 2005 s    ` ??I L qMichael R. Walker Economic & Technical Issues Phone: (720) 842-5345 Fax: (720) 851-5784 mwalker@e3ventures.com V D _  B    fD?? `      `X ??` 4Reports available at: www.ksg.harvard.edu/bcsia/enrp55 H  0޽h ? 3f3fff̙3ff̙2  +$@2(  $|  $ TA  ??~ $s *8  @     $ Z` ?? ADrivers3v $ NA ?? /  $  `d ??e ; f,Anthracite Bituminous Sub-Bituminous Lignite- (-   $  `te ?? $W  G Coal Depositsl  G )$Pw,$D 0<t  @GX ($ G,$D 02 $ # l?? 3 2 $  f??{ @) 2 $ # l.?? S 2 $  f??Q@GX 2 $  f?? 8 2 $  f??@ X% $  fn ?? #0,$D 0 SPetroleum Coke Production l N '$+H,$D 02 $ # l^-3??N2 $ # l ^3?? T F 2 $ # l3??o*2 $  f3??  2 $  f3??  $  fs ??  m KBiomass Resources 2 !$ # l~3??  B 2 "$ # lT3??p R H $ 0޽h ? 3f3fff̙3ff̙ ___PPT10+/{(D' = @B D' = @BA?%,( < +O%,( < +D' =%(D' =%(D3' =4@BB BB%(D' =1:Bvisible*o3>+#.<*)$%(D' =-o6Bdissolve*<3<*)$D' =%(D' =%(D3' =4@BB BB%(D' =1:Bvisible*o3>+#.<*'$%(D' =-o6Bdissolve*<3<*'$+Q)  )(;41((  0~ 0s *} @     0  ` ??FG  '2004 U.S. CO2 Emissions By Fuel SourceD( B 0 ZDo??  0  ` ??v p tWorld CO2 Emissions D !8  Q  L0 fBB 0 3  d e BB 0 3   BB 0 3  - / BB 0 3   0 BCDE4F> XC/ @`  0 BCDE4F> gM9$l| @`  3   0 BCDE4F>f lH3bv @` }   !0 BCDE4F> |bH$w @` T  "0 BCJDE4F> 6|CJ6 @`   #0 BC,DE4F>3f ,I4w,, @` j )  $0 BCDE4F>̙ ~g;y @`   %0 BCDE4F< XC/@  &0 BCDE4F< gM9$l|@  3  '0 BCDE4F< lH3bv@ }   (0 BCDE4F< |bH$w@ T  )0 BCJDE4F< 6|CJ6@   *0 BC,DE4F< ,I4w,,@ j )  +0 BCDE4F< ~g;y@  BB ,0 3   BB -0 3 x  BB .0 3 x d e BB /0 3 x BB 00 3 x - / BB 10 3 x  BB 20 3  BB 30 3   !BB 40 3   !BB 50 3 02!BB 60 3 !BB 70 3 !BB 80 3 ! 90 <h % <  > 10  :0 < <  > 20  ;0 < < O  > 30  <0 <Ț Q<  > 40  =0 <3 V  <1990  >0 < V: <2000  ?0 <V <2010  @0 <HV <2015  A0 <`hV <2020  B0 <Vp <2025  C0  f ?? h`  E United States  D0  fp ??   A W. Europe   E0  f ??l   HOther Industrial  F0  fܾ ??   eFmr USSR /E. Europe  G0  f8 ?? ?O  =China  H0  f ??"   =India  I0  f ??Y  HOther Developing  K0  f ?? e/Source: EIA, International Energy Outlook 2004.00 11  `X ??G g fBillion metric Tons CO22  v 21 NA ??  31 Z ?? ADrivers3 41  `d ?? 0P i5.8 billion metric tons CO22  H 0 0޽h ? 3f3fff̙3ff̙  wo<(  < < 0t @0   p < HA ?? P < Zd ?? ADrivers3H < 0޽h ? 3f3fff̙3ff̙Q  PPCP(    0 @0     N%e%e (  3 r,%e%eԔԔ8c8c?P  (  B C=DEF=R . == @`VF  tBRCDEF=RRc @`F4  # V  zBC DE F +@VF   zBC DE F +@ F.    zBC!DE F!+@ F    zBC DE F +@$ Fb    zBC!DE F!+@F   zBC DE F +@XF  zBC DE F +@F0  B C=DEF . ==R @`VF  tBRCDEF=RRc @`F4  # V   BSCDEF1?SSC @` @  C 1R    BSCDEFff1>SS @`^ R @  C 1 R    BSCDEF1=SS @`  @  C 1     BSCgDEFM31g=SS*g @`  @  C 3f1     BSCADEF1A=SSA @`  @  C 1     BSCCDEF```1C=SSC @`  @  C 1     BAC=DEF1=AS== @`     BSCDEF1>SS @` @   C 1  !  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Industrial Price ($/Mcf) f C  `Ī ?? pf  WIndustrial Consumption (TCF)  D  ` ??jF > =TCF E  ` ??j> a$/Mcff F Z?? e+Industrial Natural Gas Prices & Consumption,, G 0h" 0  Chemical industry: $50 billion in business lost to foreign competition and 90,000 jobs cut since 2000 Fertilizer industry: 11 plants, representing 21% of U.S. capacity closed, only 50% of remaining capacity operating, several major fertilizer producers filed for bankruptcy.\ lKFTD H  `L6 ??"  w'Gasification Opportunities & Challenges4((''3H  0޽h ? 3f3fff̙3ff̙  ia1c (  `~ `s *t @   X -c 0A ?r0P 1c Zd ?? ADrivers3H ` 0޽h ? 3f3fff̙3ff̙  YQ((  (~ (s * @   X ( 0A ?|`p  ( ZxÅ ?? ADrivers3H ( 0޽h ? 3f3fff̙3ff̙   yq 4 (  4 4 0Ʌ @    r 4 S ʅ$@   4 Z,̅ ?? 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ODeployment IncentivesH T 0޽h ? 3f3fff̙3ff̙ 0 d(  dX d C @    d S @ @    H d 0޽h ? ̙33 0 h(  hX h C @    h S X@ @    H h 0޽h ? ̙33 0 t(  tX t C @    t S /@ @    H t 0޽h ? ̙33 0  x(  xX x C @    x S 5@ @    H x 0޽h ? ̙33 0 0|(  |X | C @    | S :@ @    H | 0޽h ? ̙33n 0 @(  X  C @     S @@ @    H  0޽h ? ̙33 0 P(  X  C @     S `E@ @    H  0޽h ? ̙33 0 `(  X  C @     S J@ @    H  0޽h ? ̙33 0 p(  X  C @     S xP@ @    H  0޽h ? ̙33 0 (  X  C @     S V@ @    H  0޽h ? ̙33 0 (  X  C @     S $a@ @    H  0޽h ? ̙33 0 (  X  C @     S f@ @    H  0޽h ? ̙33 0 (  X  C @     S y?t@o@j@d?_>Z<V:Q8M5I1E-B)?%<!:876 6Y6--'--$ --'--,$--'f-- @ !P--'@Arial-. %2 William G. Rosenberg    ."System-@Arial-. -2 79 John F. Kennedy Street/.-@Arial-. 72  Center for Business & Government.-@Arial-. 2 Belfer.-@Arial-. F2 *Center for Science & International Affairs.-@Arial-. O2 0Kennedy School of Government, Harvard University.-@Arial-. 92 !W: 617.495.0834 M: 919.601.0563 .-@Arial-. -2 wrosenberg@e3ventures.come.-@Arial-. <2 hC#Gasification as a Strategic Energy    .-@Arial-. +2 qand Environmental Option .-@Times New Roman-. !2 RProject Contacts: .-@Arial-. 2 2Dwight C. Alpern.-@Arial-. -2 :Legal & Regulatory Issuese.-@Arial-. 2 APhone: (202) 343.-@Arial-.  2 A-.-@Arial-.  2 A9151.-@Arial-. 2 GFax: (202) 343.-@Arial-.  2 G-.-@Arial-.  2 G2356.-@Arial-. '2 NAlpern.Dwight@epa.govi.-@Arial-. 3f2 r February 2005.-@Arial-. !2 1Michael R. Walker..-@Arial-. 02 9Economic & Technical Issuesn.-@Arial-. 2 @Phone: (720) 842.-@Arial-.  2 @H-.-@Arial-.  2 @J5345.-@Arial-. 2 GFax: (720) 851.-@Arial-.  2 GC-.-@Arial-.  2 GE5784.-@Arial-. 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'2 dReports available at:m.-@Arial-. 42 nwww.ksg.harvard.edu/bcsia/enrp.-Root EntrydO)0@$z@Pictures3Current UserMSummaryInformation(\/      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[]^_`abcdefghijklmnopqrsx  F,wrosenberg@e3ventures.comWilliam Rosenberg'_PowerPoint ExamPowerPoint Exam)_William RosenbergWilliam Rosenberg  !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[]^_`abcdefghijklmnopqrsuvwxyz{}~Root EntrydO)Pictures3Current User|SummaryInformation(\/PowerPoint Document(9DocumentSummaryInformation8tRoot EntrydO) %(Pictures3Current User|SummaryInformation(\/ ՜.+,D՜.+,    dOn-screen Show HomereelcA Times New RomanArial WingdingsVerdana Arial Narrow Capsules<Gasification as a Strategic Energy and Environmental Option(U.S. Coal, Pet-Coke, Biomass Resources !Global Climate Change Challenge Natural Gas Price Outlook.96% of Capacity Built Since 2000 Natural Gas TCF Demand from NGCC Fleet3Industry Needs Gasification Option to Stay in U.S.Natural Gas Challenge0U.S. Incremental Natural Gas SupplyLNG ImportsEnergy Policy ImplicationsIGCC Technology&Gasification offers clean alternative#Gasification Deployment ChallengesNational Gasification Strategy$GasificationDomestic Supply OptionLower Cost of Capital$New Plant Cost of Energy Comparison!Lower fuel & electricity prices Slide 19Deployment Challenges Met Slide 21  Fonts UsedDesign Template Slide Titles@ T_AdHocReviewCycleID_EmailSubject _AuthorEmail_AuthorEmailDisplayName F,wrosenberg@e3ventures.comWilliam RosenbergPowerPoint Document(9DocumentSummaryInformation8