Delaware-based Riverview Energy Corp. has committed to being carbon neutral by 2050. President Greg Merle says the pledge includes the company’s planned $2 billion coal-to-diesel plant in the Spencer County town of Dale.
Merle says the move will happen with a range of measures over the next several years.
“In fact the carbon-based portion of our fuel-conversion process, in which we use high-sulfur coal in a noncombustible method, is already CO2 free. Our biggest target will be to focus on other pieces of the operation, and we have clear-cut paths to make that happen.”
Merle says plans include using diverse electric-energy sources, like renewable-generated electricity from regional providers, working with companies who use carbon-free methods, investing in carbon offset options and to implement new technologies to make operation from a gray-hydrogen process to green-hydrogen over the next 30 years.
“We are forerunners, as our Dale project proves even at this stage – being the first to use a carbon asset in a clean process to develop a cleaner end-use fuel,” said Merle. “So we have the ideal mind-set from the start to bring emerging technologies onboard our operations in the near- and longer-term future, and further cut our carbon footprint.”
The Dale plant has been the subject of a lengthy legal battle surrounding the air permit issued for the facility by the Indiana Department of Environmental Management. Most recently, two organizations filed an appeal of a decision by the Indiana Office of Environmental Adjudication upholding the permit.
Riverview says it plans to break ground on the plant before the fourth quarter.