Transgas Development Systems LLC announced it’s plans to build a coal-to-liquids plant in Mingo County, at Roanoke, West Virginia. The project is expected to cost $3 Billion and is scheduled to be completed in 2013. When complete, the plant will convert 3 million tons per day of coal to 6.5 million barrels per day of ultra clean gasoline.

Transgas has selected Uhde’s proprietary PRENFLO gasification technology. Transgas has signed a license agreement with Uhde Corporation of America. The plant will have two 1,000 MWth PRENFLO (TM) gasifiers in the Direct Quench version. The syngas will be converted to gasoline.

The project will meet or exceed the EPA standards and requirements for regulated pollutants. The facility will be carbon capture ready. It’s unknown if the project plans to sequester the CO2, transport the CO2 to oilfields for use in enhanced oil recovery operations or release the CO2 to the atmosphere.

Transgas is considering financing options other than the traditional solicitation of private, non-recourse financing for the project. It’s reported that one option Transgas is considering raising equity with a stock offering to raise funds to construct the project.