CEO: Sewage-to-Fuel Project Poses 'No Risks'Posted: Updated:
The chief executive officer of a California-based company proposing a massive sewage-to-diesel facility in Terre Haute has laid out details of a planned $300 million investment. Geoff Hirson says construction of the Powerdyne plant would employ 1,000 workers. Following a barrage of questions from city leaders Thursday, Hirson told our partners at WTHI-TV there are "no risks involved" with the project, but the city needs to quickly decide to move forward. He says when the plant is complete, it could employ up to 130 workers.
Officials estimate Terre Haute stands to gain $112 million over the 20-year life of the proposed contract to use municipal sewer sludge from Terre Haute and elsewhere as mass for the plasma gassification process.
Construction is expected to take two years. Hirson says approval time is "of the essence" since the $300 million put up for the project is an equity investment and "delays are money."
WTHI has been reporting the city would eventually act as a go-between for the sale of the finished diesel fuel product.