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RE: Little Gypsy Petcoke Repower project may be delayed / canceled

Home Forums Coking News: DCU, Upgrader 1.Coker (registered users only) Little Gypsy Petcoke Repower project may be delayed / canceled RE: Little Gypsy Petcoke Repower project may be delayed / canceled

#6164

Charles Randall
Participant

Here is update on the Baton Rouge Little Gypsy Petcoke Repower project – looks to be delayed or canceled due to project cost & other unknowns like Carbon Tax.  (Just one early steps to a “Cap & Die” state for US Energy Industry).
 
I think their economic reason is very transparent “lie” you would have to take the very extreme short lived range of NG prices to get a 3X number vs Petcoke – more realistic values would be that NG prices have dropped from highs of $9/MMBTU to less than $6/MMBTU, but so has petcoke from $3/MMBTU down to $1.50/MMBTU which has a more realistic differential between NG & Petcoke dropping from high of $6/MMBTU down to current differential of $4.50/MMBTU (~a 30% change NOT a 300% change).
 
The comments in this article also highlights the Environmentalist have shifted from just “BLOCKING” or delaying coal & petcoke projects and are making big push now to “KILL” off as many fossil fueled projects as possible which will push power cost high enough to justify the expensive/unreliable “Green” alternatives into firm additions.
 
Couldn’t happen at worse time since the power cost will eventually eliminate what remains of some of our manufacturing industries (and jobs) ……. especially those like Aluminum where power is 20% of production cost.
Regards

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