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Microcap & Penny Stocks : Rentech(RTK) - gas-to-liquids and cleaner fuel
RTK 0.200+5.3%Oct 13 5:00 PM EST

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To: Esoteric1 who wrote (14292)6/29/2007 12:27:33 AM
From: Esoteric1   of 14347
 
Coal Gasification Plant Moves Forward with Changes in Power County

June 28, 2007 09:55 AM PDT


Plans to build a $2 billion coal gasification plant in Power County are moving forward but with a few changes. In about four years farmland south of Lamb Weston will be the home of what's called the Advanced Energy Center.

Despite the use of coal, the company says it will use all the pollutants from coal to make new products. Southeast Idaho Energy also says it will operate well within air quality standards. The company has secured water rights for one million gallons of water a day. It may also use wastewater to help with cooling.

The company president describes how the plans for the plant have changed.

Ramesh Raman/President, Southeast Idaho Energy: "We're no longer looking at a power facility. We're producing fertilizer products and diesel which are key to the region.

When both phases are done, the plant could produce 4,000 tons of fertilizer and 350,000 gallons of diesel fuel. Construction on the advanced energy center will start in 2008 and take three years to complete phase one.

During construction between 750-1,000 people will be employed. When the plant is done the company will need 150 employees with pay averaging $50,000 a year.

Southeast Idaho Energy is applying for building permits right now.
kpvi.com
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