PINE BLUFF, Ark. (AP) — An energy company has announced plans to build a gas plant in Jefferson County.
Energy Security Partners CEO Roger Williams said Tuesday that a site 10 miles north of Pine Bluff has been selected for the plant, which will convert natural gas into liquid. Williams says the plant is unlikely to open for at least five years.
The company plans to invest at least $3.5 billion in the project.
According to Williams, the $100 million needed for the project's initial engineering work should be secured by the end of the year or in early 2017. He says funding will come from a mix of investment funds owned by international governments, infrastructure fund investors and banks.
Gov. Asa Hutchinson says the state will thoroughly evaluate Energy Security and its plans before committing to help with the project.
Information from: Arkansas Democrat-Gazette, http://www.arkansasonline.com