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PurGen One

1,343 bytes added, 18:15, 20 September 2010
SW: SW: →‎Financing: developed section
==Financing==
PurGen One is expected to cost between $5.2 and $7 billion if constructed.<ref name="adegopp"/> SCS has said both that the company hopes to raise all of the capital for the plant privately, and that it hopes to receive governmental funds from tax credits and subsidies.<ref name="adegopp"/><ref name="blbocat"/> SCS expects construction will begin in 2012 and does not anticipate the need for large amounts of money until 2011.<ref name="apfuebas"/> SCS hopes the national economy will have recovered by then.<ref name="apfuebas"/>
 
SCS anticipates that federal climate legislation will create carbon tax credits, allowing the plant to generate $100 million per year from the credits.<ref name="apfuebas"/> The Waxman-Markey Climate Bill would create a ninety-dollar-a-ton credit from CCS projects. Federal money could also come from a government offering of $1.8 billion for coal gasification projects.<ref name="blbocat"/> Tim Bauer of SCS has said that the company "would accept economic development funds if they became available."<ref name="adegopp"/>
 
In addition to selling electricity, the PurGen One plant is expected to generate additional income from selling fertilizer and disposing carbon from other industrial sources.<ref name="apfuebas"/> Carbon disposal fees are expected to run $240 million per year.<ref name="blbocat"/>
 
Tax payers are expected to provide approximately $200,000,000 per year.