TransGas Partners with C.B. Richard Ellis on Mingo County Plant - Business, Government Legal News from throughout WV

TransGas Partners with C.B. Richard Ellis on Mingo County Plant

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ROANOKE, WV -

TransGas Development Systems, developer of the Adams Fork Energy coal-to-liquids plant in Mingo County, announced Dec. 6 that C.B. Richard Ellis has joined the project.

"The world's largest asset manager, the world's largest construction company, the world's largest real estate company has committed to work with TransGas to finance the project," said TransGas President Adam Victor at the 2011 Governor's Energy Summit.

The Adams Fork project will convert 7,500 tons of coal per day to 18,000 barrels of gasoline and 300 barrels of liquefied petroleum gas, or propane.

It will be the first synthetic fuel plant in the U.S., Victor said, turning a domestic resource into a liquid transportation fuel at a time when U.S. oil imports send billions of dollars to unfriendly governments.

Victor touted the air-quality benefits of the low-sulfur gasoline the plant will produce.

"The Environmental Protection Agency's proposed regulations are going to threaten coal consumption from America's electric power plants," he said. "Once you start using sulfur-free gasoline, you'll find that you have a substantial cleaning of the atmosphere that helps mitigate any of the existing pollution from coal-fired plants. This cannot be overestimated."

This plant will produce carbon emissions equivalent to that of 19 pickup trucks, he said.

In addition to C.B. Richard Ellis, other Adams Fork project partners include industrial plant designer Uhde, engineering company The LindeGroup, catalyst provider Haldor Tospoe and ExxonMobil. Industrial Contractors Inc. will coordinate construction.

TransGas is doing site work now, Victor said, and expects to close financing for components purchases by the second quarter of 2012.

Construction will employ 5,000 union workers and should take about 48 months, he said; future plants will have a construction cycle closer to 36 months. 

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