BY KEVIN ROBINSON-AVILA / JOURNAL STAFF WRITER
Monday, July 22nd, 2019 at 12:02am
A little known out-of-state investment firm has set up a New Mexico subsidiary, Enchant Energy Corp., to turn the coal-fired San Juan Generating Station into the nation’s largest-scale experiment in carbon-capture and sequestration technology.
The company says it can retrofit the plant into the nation’s cleanest-burning coal-fired facility for $1.3 billion, and it’s lobbying the city of Farmington to get on board. It presented a pre-feasibility study touting the benefits to the Farmington City Council on Tuesday, and it has applied for a $6 million grant from the U.S. Energy Department to begin an in-depth, front-end engineering and design, or FEED, study to move the project forward.
Enchant Energy CEO Jason Selch told city councilors the plant could begin capturing 6 million tons of carbon emissions annually by 2023. In turn, it could earn nearly twice the project’s cost back through tax credits paid by the federal government for every ton of carbon captured and sequestered.