*** NEWS ***
It's Official. Kentucky Fuel Associates, Inc. and Its Joint Partner Fuel Frontiers, Inc., a Wholly Owned Subsidiary of Nuclear Solutions, Inc. Received Funding of $625,000.00 Under the Coal Severance Allotment Program
PR Newswire
9:00 AM ET
Kentucky Fuel Associates, Inc. was informed at a ceremony on Monday, May 12, 2008 that Muhlenberg Fiscal Court will be investing more than half a million dollars to build the first large-scale coal-to-diesel fuel conversion plant in the Country. Muhlenberg County has designated $625,000.00 from its Coal Severance Allotment Program to the joint partnership between Kentucky Fuel Associates, Inc. and Fuel Frontiers, Inc., a wholly owned subsidiary of Nuclear Solutions, Inc. Under this partnership, these companies have plans to develop up to eight plants in the State of Kentucky.
Kentucky Fuel Associates, Inc. could receive up to $2.5 million in State grant money for which it has already applied for the Muhlenberg plant facility. They can also receive $2.5 m illion for a second plant site which is under the Kentucky Science and Technology Corporation who administers this entrepreneurial pool established under the Kentucky passed energy bill.
The first plant is to be built in Muhlenberg County to produce 70 million gallons of diesel fuel annually from coal after being built.
The construction phase is to begin next year and should require up to 300 workers to complete the facility. After its completion it will provide employment for about 80 workers when the plant becomes operational in 2011.
Kentucky Fuel Associates, Inc. and Fuel Frontiers, Inc. are very grateful and encouraged by the support of Muhlenberg County officials, State Officials and commend the efforts of State Representative Brent Yonts of Greenville Kentucky of all his leadership and vision to bring this project to the forefront to make it a reality.
