MEDICINE BOW, Wyoming — DKRW Advanced Fuels' plan for a southern Wyoming plant that would turn coal into gasoline and other liquid fuels remains stalled.
The Rawlins Daily Times reports (http://bit.ly/1JZqvuk ) the company says low oil prices make the project financially unachievable.
The company first proposed the $2 billion plant at Medicine Bow in Carbon County in 2004 but it has been plagued with delays and funding problems in recent years.
DKRW official William Gathmann says the company is not abandoning the plan. But he says it's unlikely the company will be able to meet the Wyoming Industrial Siting Council's June 18 deadline to submit a construction schedule and other filings.
The council's permit will expire if the company doesn't meet the deadline.
Information from: Rawlins (Wyo.) Daily Times, http://www.rawlinstimes.com