The US currently has 150 existing refineries, 141 operating with nine idle. Hyperion Resources began construction of the nation's first new oil refinery since 1976 on 3,800 acres of farmland near Elk Point, South Dakota.
The Dallas-based developers say that they plan to get shovels into the ground in 2011, and that Hyperion will be refining Canadian tar sands crude into gasoline and diesel by 2015.Opposition groups such as Save Union County and the Sierra Club plan to ask the Environmental Protection Agency to step in and review concerns about air permits.
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well, i hate to bust your bubble, but they haven't bought the land yet. they don't have an oil supply, and they don't have any investment capital. so this is more of a pipe dream than reality for 2010.
ReplyDeleteThanks for the comments, Doug. My father grew up on a farm near Irene, SD, and that was our annual vacation spot, I have many fond memories of that part of the world.
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