GPEDC Not Renewing Options for Coal to Liquid Plant
Paducah, KY – The Greater Paducah Economic Development Corporation is not renewing or exercising any new options to buy property needed to bring a coal to liquid fuel plant to western McCracken County. That doesn't mean officials are giving up on the idea. They already own or control enough acreage at the Riverport-West Industrial Park for the first few construction phases of the almost $8 billion facility. The Paducah Sun reports the decision to not renew current options will save around $10,000 a month. Clean Coal Power Operations is the company exploring options to build the plant, which would convert coal to diesel.