Coal Loading Facility Planned For Princeton

Posted: Updated:
Sunrise Coal operates several facilities in Indiana, including the Carlisle Mine in Sullivan County. (photo courtesy Sunrise Coal) Sunrise Coal operates several facilities in Indiana, including the Carlisle Mine in Sullivan County. (photo courtesy Sunrise Coal)
PRINCETON -

A subsidiary of Denver-based Hallador Energy Co. (Nasdaq: HNRG) has announced plans to construct a new truck-to-rail coal loading facility near Princeton. Sunrise Coal LLC in Terre Haute says the facility, known as the Princeton Loop, is expected to be complete in the spring of 2018. 

The facility is the result of a side track agreement between Sunrise Coal and Norfolk and Southern Railway. Sunrise Coal did not respond to an Inside INdiana Business request for financial details related to the project. 

In a news release, the company says the facility will be located on State Road 64 about six miles west of Princeton. It will have the ability to unload trucks, blend coals, load 135 car unit trains in four hours, and store more than four million tons of coal. 

Hallador Chief Executive Officer Brent Bilsland says the facility will allow Sunrise Coal to access "substantial new markets and better serve our customers."

  • Perspectives

    • The Power of Partnerships

      You can't go it alone in tech. All technology companies, regardless of their segment, live in an ecosystem comprised of organisms of varying complexity. More mature companies in established categories can function at the top of the food chain, consuming smaller companies through acquisition, but startups are seldom if ever in a position to gain dominance through acquisition. It’s vital for the success of a startup to be able to play well with others...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Liberty Mutual Plans 400 New Carmel Jobs

      Boston-based Liberty Mutual Group Inc. is planning to add up to 400 Carmel jobs as part of a $14 million expansion plan. The insurance company has a global presence and currently employs 1,430 in central Indiana. The Indiana Economic Development Corp. says the new jobs, expected to be created by 2021, will pay more than the state and Hamilton County average wages. Plans call for Liberty Mutual to lease...

    • Kroger Hires Eric Halvorson

      A former longtime Indianapolis television anchor and reporter has been hired by The Kroger Co. (NYSE: KR). Eric Halvorson, who left WISH-TV last year after 33 years, will serve as public affairs manager and media spokesman for the company's Central Division. He succeeds John Elliott, who will become the chief executive officer of Gleaners Food Bank in Indianapolis later this year.

    • Vincennes Woman Sentenced For Tax Fraud

      U.S. District Judge Richard Young has sentenced a Vincennes woman to four years in prison on tax fraud charges. U.S. Attorney Josh Minkler's office says Deborah Richards pleaded guilty to preparing more than 350 false tax returns between 2014 and 2017. 

    • Indiana Packers Subsidiary to Build Feed Mill Near Peru

      A subsidiary of Delphi-based Indiana Packers Corp. has announced plans to build its first feed-mill facility near Peru. The Kokomo Tribune reports OP Nutrition will invest $24 million to construct the facility, which is expected to create 14 jobs.

    • To Meet Today's Health Care Needs, Close The Nursing Shortage

      Cultivating and attracting talent has rightly been top-of-mind for Hoosier business leaders of late - particularly as graduation season comes to a close. After all, addressing talent gap - or nurturing key talent pipelines - in key segments of our economy is essential. But as we prioritize the attraction and retention of Central Indiana's technology leaders, engineers and digital champions, healthcare must also be top of mind.