The Bixby Process is not only cleaner than traditional carbon-based technologies, it is also cheaper. Power plants that are built to use gas derived from Bixby Energy’s Devolitization Systems will be more than 50 percent less expensive to build than traditional coal-fired plants - primarily because they do not need the massive and antiquated boiler technology to be practical - and the cost of producing electricity will be no more expensive than current technologies.
It is also significantly less expensive than the proposed “clean coal” method of Carbon Capture and Sequestration (CCS), which is still in its initial phase of development. With CCS, coal-fired power plants would burn coal as usual, but the emissions must be captured and piped many miles below the surface of the Earth. Capturing emissions before they are released into the atmosphere is clearly a good thing; however the potential impact of burying massive amounts of CO2 beneath the Earth’s surface remains uncertain.
Bixby Energy estimates that replacing existing coal-fired power plants would be approximately 20 percent of the cost of building CCS technology, and would be far less expensive to operate than the carbon sequestration programs currently proposed.
New carbon emissions standards are being set on a state-by-state basis across the U.S. As early as 2002, Oregon and Massachusetts required a reduction of 17 percent of carbon emissions from power plants. Minnesota recently passed its “25 by 25 Rule” which requires all power plants to have reduced their emissions by 25 percent by the year 2025. California is developing even stricter standards that would make it impossible to build a traditional coal-fired power plant in that state. Meeting these standards will require existing facilities to install expensive emission filtration systems that reduce performance and will likely result in higher electricity prices.
Around the world, other countries have been proposing emissions standards earlier and more aggressively than in the U.S., calling for gradually increasing emissions reductions, with a planned goal of 50 percent reduction by 2050.