A proposed $2 billion facility that would convert coal into gasoline is moving toward reality but not before passing muster from the Idaho National Laboratory.
The Associated Press reports the plant, which would be funded by Wyoming state industrial development bonds and based in the small town of Medicine Bow, west of Cheyenne, would transform coal mined underground at the site into approximately 10,600 barrels of gasoline per day.
Before anything moves forward, though, the INL has been asked to perform a due diligence review of the project at a cost of $130,000. If and when the INL agrees to the review, the analysis is expected to take about 30 days.
Additionally, the Wyoming Legislature would have to authorize the sale of the industrial development bonds.