Consol Energy and Synthesis Energy Systems (SES) announced that the West Virginia coal gasification project will not be funded. CoalGasificationNews.com had reported on the West Virginia Gasification Project. Consol Energy had previously announced the West Virginia Gasification Project and the project was planned to be a Coal-To-Liquids project. The project would gasify West Virginia coal and produce methanol and convert the methanol to gasoline.

Both companies have announced that they will cease funding the Front End Engineering Design (FEED) for the Benwood, West Virginia project. SES cited the credit crisis in the financial markets as the reason for the project to be put on hold. The U.S. market continues to be a primary market opportunity for SES.