August 21, 2010 at 4:24 pm #2552
Hyperion says refinery still planned for 2015
Associated Press – August 20, 2010 9:35 AM ET
SIOUX FALLS, S.D. (AP) – Hyperion Resources says it still plans to have a $10 billion oil refinery operating in southeast South Dakota by 2015.
The statement came in response to South Dakota governor candidates Dennis Daugaard (DOO’-gahrd) and Scott Heidepriem (HY’-duh-prim) both saying this week that they’re unsure whether the plant will be built, in part because financing the project might be difficult.
Hyperion spokesman Eric Williams says the Dallas-based company isn’t commenting on specifics of the financing. But he says in the past six weeks there has been “a real uptick” in inquiries from potential investors.
The Hyperion refinery and power plant on 3,800 acres of farmland near Elk Point would process 400,000 barrels of Canadian tar sands crude oil a day. It would be the first new U.S. oil refinery built since 1976.
Information from: Argus Leader, http://www.argusleader.com
August 21, 2010 at 4:27 pm #5507
Here is update from AP/Argus – Hyperion Grassroots SDakota Coking Refinery still planning but delayed 2015.
Hyperion SDakota has been race with Yumma Arizona Grassroots refinery since both announced their plans and even though the state, local residence and demand supports them – the Liberal Environmental groups blocking construction for over 35 years has prevented them …..thusfar.
As these projects (Hyperion was once dubbed “Gorilla project) are delayed/held in the planning stage (+4years now) they are going to hit real problems as refinery consolidation gains traction against non-economic & small, simple US refineries which are going thru next stage (along with rest world on capacity).
<Check out my previous Coming.com News Post Hyperion : Refinery @ 5/2/08 Update Oil P/L Poll SDakotans back Refinery & PL and Members Coking @ 8/21/07 First Ref US since 1976 planned, and @ 6/18/07 Project Gorilla – Hyperion eyes S.Dakota >
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