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Article: $3 BILLION PLANT UNDER STUDY PEABODY EYES FACILITY IN UNION CO.

Article from:
Evansville Courier & Press (2007-Current)
Article date:
June 29, 2007
Author:
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Peabody Energy Corp. is studying the feasibility of building a $3 billion coal-to-liquid fuel plant near Sturgis, Ky., in Union County.

If built, the project would create approximately 300 permanent plant jobs, 225 permanent mining jobs, 2,250 construction jobs and an estimated 1,850 permanent ancillary jobs in the region, according to the state grant summary.

Peabody estimates an economic impact of $4.5 billion over the life of the project.

The Governor's Office of Energy Policy approved a $400,000 grant May 1 to help Peabody produce the study for the plant which would convert coal into diesel fuel.

"It's a lottery ticket," Union County Judge-executive Jody Jenkins said Thursday. "I'll be ...

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