Hyperion Renews, Releases Land Options ELK POINT, S.D. – Hyperion Refining will renew options on nearly 10 square miles of land in Union County for the Hyperion Energy Center, Project Executive Preston Phillips said today. Area landowners were express property will be optioned another year. Options were renewed on more than 6,300 acres, while approximately 6,000 acres of land previously optioned will be released. The deadline for renewing the options is Aug. 31. “We originally optioned many acres of land for the planned development of the Hyperion Energy Center,” Hyperion Project Executive Preston Phillips said. “During the last few years, we identified the location of the facilities and assessed other land needs.” The land that remains under option meets those needs. The bulk of that property is in the project area north of Elk Point, plus acreage along the Missouri River. Earlier this month Hyperion cleared the second of the project’s two main hurdles when the company received its air permit from the South Dakota Board of Minerals and the Environment. Last year the company was granted the required zoning change, which was approved by the Union County Planning Commission, the Union County Commissioners, and the county’s voters. Construction on the Energy Center is expected to begin in 2011, with startup in 2015. An average of 4,500 jobs will be created over the four year construction phase, with the Energy Center bringing more than 1,800 permanent jobs to the Siouxland region. The Hyperion Energy Center is permitted for a 400,000 barrel-per-day refinery producing ultra low-sulfur gasoline and diesel and an IGCC (Integrated Gasification Combined Cycle) power plant. The center will incorporate green principles in its every day functions and integrate only the most advanced commercially feasible emission control technologies in its operations, as spelled out in the company’s Green Charter. |
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