In the latest sign of a shaky future for the nation’s first coal-to-gas conversion plant, one of the project’s major investors has written it off as a loss. Ben Storrow of the Casper Star-Tribune has been following the development and spoke with Wyoming Public Radio energy reporter Stephanie Joyce about what it means for the future of the project.
STEPHANIE JOYCE: So, to start, for any of our listeners who might be at little fuzzy on the details of the DKRW Advanced Fuels project, can you give us the 30-second overview of its history?
It could be another three years before construction begins on a coal-to-liquid fuel facility in Medicine Bow -- if it begins at all.
DKRW has struggled with financing for the $2 billion project since it was first permitted in 2008.
On Wednesday, the Wyoming Industrial Siting Council granted DKRW a 30-month extension on its construction permits. That’s the third time the company has been granted an extension, but this one comes with a special caveat. If the company doesn’t start building the conversion facility by the end of that period, it’s agreed to give up its permit.