CASPER, Wyo. (AP) - A company proposing to build a $2 billion facility that would process coal into gasoline and other liquid fuel has severed ties with its contractor for the project.
Houston-based DKRW Advanced Fuels has been planning to build the facility near Medicine Bow.
The Chinese contractor for the project, Sinopec Engineering Group, recently announced in a statement to investors that the firm and DKRW had severed ties. DKRW initiated arbitration to recover an undisclosed award for breach of contract.
The Casper Star-Tribune reports (https://bit.ly/P7lGcv ) DKRW signed an estimated $1.6 billion deal with Sinopec in 2012. Work was delayed last year after DKRW said it was unsure when Sinopec would begin construction.
The Wyoming Industrial Siting Council approved a more than three-year extension to the timetable for the project in December.
___
Information from: Casper (Wyo.) Star-Tribune, https://www.trib.com
Copyright © 2018 The Washington Times, LLC.
The Washington Times Comment Policy
The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our
Comment Policy before commenting.