FutureGen Alliance's Mudd discusses revived project, scaled-back goals
The Obama administration recently announced its plans to contribute more than $1 billion to the FutureGen project, a carbon capture and sequestration demonstration plant in Mattoon, Ill. As part of the deal, the FutureGen Alliance has agreed to seek 60 percent capture initially and then work up to a 90 percent capture goal. During today's OnPoint, Michael Mudd, CEO of the FutureGen Alliance, responds to criticism of the scaled-back carbon capture goal for the project. He explains why the total cost of the project may be less than previously projected. Mudd also gives his take on international competition to create a commercially scalable CCS plant.