Carbon capture from conventional power cycles is accompanied by a significant loss of efficiency. One process concept with a potential for better performance is chemical-looping combustion (CLC). CLC uses a metal oxide to oxidize the fuel, and the reduced metal is then re-oxidized in a second reactor with air. The combustion products CO2 and water remain unmixed with nitrogen, thereby avoiding the need for energy intensive air separation. In this paper, the performance of various configurations of CLC used in integrated gasification combined cycle power plants (CLC-IGCC) are analyzed and compared to a conventional IGCC design with pre-combustion carbon capture by physical absorption. The analysis is based on process simulation using Aspen Plus and GateCycle. Key design parameters are varied, and the results are interpreted using exergy analysis. The CLC-IGCC offers the advantages of higher plant efficiency and more complete carbon capture. The efficiency is very sensitive to changes in the gas turbine inlet temperature for both the CLC and the conventional IGCC designs. The development of oxygen carrier particles with a high thermal stability is therefore crucial for capitalizing on the potential efficiency advantage of CLC. (C) 2010 Elsevier Ltd. All rights reserved.