
Conrad Unveils Plans for $750 Million Energy Plant
State-of-the-Art Facility Will Bring More Than 1,000 Jobs to ND, Senator says
08/09/05
Washburn — Senator Kent Conrad was joined by state and local leaders today to announce plans for a $750 million plant to be built near Washburn that would use new technology to turn coal into liquid fuels -- an energy initiative that would create more than a thousand new jobs in North Dakota.
"Coal-to-liquid fuels technology helps reduce our reliance on foreign sources of oil and improves our country's energy security," Senator Conrad said. "This proposed new plant will also strengthen North Dakota's economy, creating new jobs in the lignite coal industry, which has some of the best-paying jobs in the state."
Today's announcement was the result of a Memorandum of Understanding signed between several companies, including Great River Energy, Headwaters, Inc., North American Coal and Falkirk Mining Company. The companies have agreed to develop a state-of-the-art facility in North Dakota that is expected to produce 10,000 barrels of fuel per day.
Senator Conrad helped secure the project for North Dakota by drafting special provisions in the national energy bill that would qualify the proposed plant for federal loan guarantees. At today's ceremony, the Senator presented a copy of the law to Headwaters, Inc. and their partners, representing the loan guarantees secured from the bill, which President Bush signed into law yesterday.
The proposed Washburn plant would be America's first commercial scale facility for production of liquid transportation fuels from domestic coal. Using advanced technology, the facility would produce fuel that is cleaner and higher in performance than fuel produced from crude oil.
The plant would initially create more than 1,000 construction jobs. Once up and running in June 2009, the plant is expected to create another 300 permanent operations jobs. In addition, Headwaters has said that the plant could be expanded to a $3 billion project.
Today's announcement came during a ribbon cutting ceremony for a new U.S. Department of Energy Coal Drying Technology project at Coal Creek Station. The coal drying station will reduce emissions and improve power efficiency at Coal Creek Station.
As a member of the Senate Finance Committee, Senator Conrad crafted several provisions to the energy bill directing hundreds of millions of dollars to North Dakota's energy industry, including tax breaks for the development of clean coal technology like that being used at Coal Creek Station.
"I am delighted with the progress that is being made in North Dakota on the energy front," Senator Conrad said. "Today, North Dakota is one step closer to becoming an energy powerhouse for the nation."