Exploration & Processing - Winter 2011 - (Page 8)

SYNFUELS SUCCESS BY BRIAN SALGADO I THE GREAT PLAINS SYNFUELS PLANT IN BEULAH, N.D., HAS PROVEN TO BE A VALUABLE INVESTMENT FOR THE BASIN ELECTRIC POWER COOPERATIVE. The DOE eventually took over the plant in 1985 and began soliciting bids from companies willing to take it off the department’s hands. Although it obtained numerous bids from corporations to buy the plant outright, the DOE selected Basin Electric’s offer, which was valued at $594 million after factoring in profit sharing, a waiver of production tax credits, $70 million for associated mining rights and equipment, $15 million for the pipeline connecting the gasification plant to the interstate pipeline system, and a $30 milWINTER 2011 SYNTHETIC SOLUTION, NATURAL SUCCESS t’s hard to imagine a gasification plant constantly evolving, but that is exactly what is happening at the Great Plains Synfuels Plant in Beulah, N.D. Basin Electric Power Cooperative – through its for-profit subsidiary, Dakota Gasification Co. – still catches attention by owning and operating the only commercial-scale coal gasification plant in the United States. Being one of only two such plants in the world means it is prone to a variety of growing pains, especially when the facility’s early years are taken into account. A group called the Great Plains Gas Association was instrumental in gaining funding from the U.S. Department of Energy (DOE) to design and build the plant when the nation’s dependence on foreign oil brought the United States to its knees in the late 1970s and early 1980s. However, according to the book The New Synfuel Energy Pioneers by Stan Stelter, the combination of cuts in federal spending and volatile natural gas prices in the mid-1980s almost shut the plant down before it was fully operational. 8 | EXPLORATION-PROCESSING.COM http://www.EXPLORATION-PROCESSING.COM

Table of Contents for the Digital Edition of Exploration & Processing - Winter 2011

Exploration & Processing - Winter 2011
Contents
Redefining Refining
Synfuels Success
A Natural Solution
After the Fallout
Uranium on the Rise
Galleon Energy Inc.
Gibraltar Mines Ltd.
The Municipal Group of Companies
Selwyn Resources Ltd.
Redmond Minerals Inc.
Copper Fox Metals
Henry Resources
OFM Pump Inc.
Sunshine Oilsands Ltd.
Pacific Rubiales Energy Co.
Thermo Design Engineering
Alexco Resource Corp.
North American Palladium
Mammoet Canada Eastern Ltd.
KSM Inc.
Industrial Equipment Manufacturing Ltd.
Flexpipe Systems
Guyana Goldfields Inc.
Flotek Industries Inc.
Dominion Terminal Associates
Compressor and Engine Service LLC
BEHR Energy Services Ltd.
LoneStar Energy Fabrication
American Oil & Gas – The Goliath Project
Alberta Oilsands Inc.
Southern Petroleum Laboratories Inc.
Cochrane Technologies Inc.
Crystal Flash Energy
Energold Drilling Corp.
Esperanza Resources Corp.
Explorator Resources Inc.
Rush Sales Co.
Kimber Resources Inc.
Nelson Bros. Oilfield (1997) Services Ltd.
Gulf Copper and Manufacturing
Last page

Exploration & Processing - Winter 2011

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