Tag: Sinopec

Penwell, TX — TCEP

UPDATED: 12/04/2017 — see Change Log

OWNER: Texas Clean Energy Project (Summit Power Group LLC)
PROJECT: Greenfield plant, urea

SUMMARY STATUS: Bankrupt
The Texas Clean Energy Project was going to be a major "clean coal" power plant with significant urea byproduct but DOE effectively killed the project when it suspended funding. Initiated in 2010 and originally scheduled to be completed by 2014, the project continually failed to raise financing for such a long time that the DOE finally withdrew its support in mid-2016. In December 2016, the developers announced one last idea, ditching power generation altogether to focus on urea production but soon after, in October 2017, the company went bankrupt.

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Rockport, IN — Ohio Valley Resources

UPDATED: 09/06/2016 — see Change Log

OWNER: Ohio Valley Resources
PROJECT: Greenfield nitrogen fertilizer plant

SUMMARY STATUS: Financing Phase
Air permit was granted in September 2013; extended in March 2015 and extended again in September 2016. Two major companies awarded FEED and EPC in December 2013; agreements now presumed expired. Financing MOUs in place with foreign investors, February 2014; expired. "Finalization of project financing has delayed project construction." Any announcement of a new project sponsor - or project abandonment - is unlikely until the status of other, nearby greenfields is confirmed.

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