CO2-Global AS

Project VIKING

A 150 MW Zero Emission Power Plant
for Oil Refineries

Current U.S. regulatory and market conditions severely restricts permitting to expand or consolidate refining capacity. This is predominantly due to emissions and unsatisfactory solutions for handling the refinery waste-products.

There is also a growing tendency to curtail permits for new fossil fuel power genera-tion projects because of high CO2 levels.

CO2-Global is addressing both these issues with Project VIKING -- a zero emission power plant that converts refinery waste to power and CO2 for EOR.

Our first project site is ideally located in SE New Mexico near the outer extremity of the established CO2 pipeline infrastructure that extends across the Permian Basin and into West Texas.

It is also well located for sale of clean electricity into the environmentally constrained California power market.

Zero Emission Power and CO2

Our novel approach uses patented technology in a process configuration that converts refinery pitch to clean electricity, steam and pipeline quality compressed CO2.

The power plant is modularised with each module comprising of a 170 MW (thermal) CES Gas Generator and a re-engineered GE-J79 turbine powertrain.

Concept Study & FEED

The Project is undertaking a Concept Study with WorleyParsons in Houston that will confirm process design, per-formance and cost-estimates prior to initiating the Front-End Engineering & Design targeted to start 4Q-2010.

Deployment Strategy

The Project uses hardware that has been tested by the respective technol-ogy providers in prototype commercial settings on a similar scale.

We then bring these together in one process design that demonstrates deployment of a full-scale commercial CCS value-chain.

We propose a phased deployment with the first 35 MW unit being available during 2Q-2013. This will be dedicated to providing steam and power to the refinery.

During 2013 we shall target deployment of three more units operating in a combined-cycle mode that will produce 115 MW power for export.

Investment Opportunity

CO2-Global is organising a cost-share between private and government funding to cover an estimated $20 million in project development costs that is necessary to reach Finan-cial Close during 4Q-2011.

Subsequently around $100 million will be sought from private investors to cover an esti-mated 30% equity required for capital investment, construction and commissioning.

For further details contact Project Director, Carl Hustad.