Synfuels Corporation considers $6. 8 billion in new aid to boost Great Plains and three other facilities

Journal Article · Mon Dec 12 04:00:00 EST 1983 · Energy Res. Rep.; (United States)

OSTI ID:6903061

Doucette, D B

The US Synthetic Fuels Corporation (SFC) voted unanimously on December 1 to negotiate agreements with four companies for $6.8 billion in loan and price guarantees. One potential recipient, the Great Plains Coal Gasification Project, was turned down two months earlier. Other recipients would be the Union Oil Company of California, the Arkansas Power and Light Company, and Geokinetics Inc. Only the size of the potential awards, which provide a welcome boost to the synfuels industry, was a surprise. Analysts see the decisions as a possible new commitment by the Reagan Administration to synthetic fuels to ease the concerns of private sponsors threatening to kill the projects. The SFC has made only one award to date, but officials say they will ultimately award $13 billion in loan and price guarantees by the end of 1984 to cover about 12 projects. Of that amount, $1 billion will go for six tar sands and heavy-oil projects, $5 billion for three shale-oil projects, and $7 billion for three coal-related plants.

• OSTI ID: 6903061
• Journal Information: Energy Res. Rep.; (United States), Journal Name: Energy Res. Rep.; (United States) Vol. 9:22; ISSN ERRED
• Country of Publication: United States
• Language: English

Related Subjects

01 COAL, LIGNITE, AND PEAT
015000 -- Coal
Lignite
& Peat-- Economic
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
295000* -- Energy Planning & Policy-- Hydrogen & Synthetic Fuels
FINANCIAL ASSISTANCE
FINANCIAL INCENTIVES
FINANCING
FUELS
GOVERNMENT POLICIES
SYNTHETIC FUELS
SYNTHETIC FUELS CORPORATION