A plan to build a coal to liquids plant in Medicine Bow took a major step forward. D-K-R-W Advanced Fuels has entered into a contract with Sinopec Engineering Group to build the facility.
D-K-R-W Executive Chairman Bob Kelly says he is now very optimistic that the project will become a reality.
“It’s a big step. It enables us to know go to the international banking and equity community and lay out the project economics. And our target is to finalize financing by the end of the year and the first quarter of 2013. And once that’s done, you are going into construction. ”