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Tuesday, November 16, 2021

Update On The Trenton GTL Plant -- November 16, 2021

See this post for background.

Update here.

Agreement with Cerilon GTL. Williams County:

  • will provide a no-interest $6 million loan agreement
  • three loan payments of $2 million each
  • first won't be disbursed until company has executed a land purchase agreement (which could happen today)
  • the second payment: March, 2022
  • the third payment: July, 2022
  • loan to be repaid in quarterly installments once commercial operations begin or after seven years, whichever comes first.
  • for the $.28 billion gas-to-liquid plant in Trent, previously announced.

Construction to begin 2021.

Initial capacity: 24,000 bbls per day of ultra-low sulfur diesel and other specialty products.

About 80 full-time employees.

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