Mississippi Business Journal » energy

LNG facility hoping to begin exporting natural gas

Associated Press — Tue, 21 May 2013 14:02:57 +0000

PASCAGOULA — Big changes may be coming for Gulf LNG, the liquefied natural gas terminal that has two huge storage tanks on the horizon south of Pascagoula. The owners want to begin exporting natural gas. It would be quite the turnaround for the $1.1-billion terminal built more than two years ago to import the super-chilled [...]

The post LNG facility hoping to begin exporting natural gas appeared first on Mississippi Business Journal.

Fervor grows for Tuscaloosa Marine Shale

Ted Carter — Fri, 17 May 2013 21:04:46 +0000

Mississippi’s leaders expect a parade of oil drillers to converge on the southwest corner of the state and are happy to cover the cost of striking up the marching music. When a potential to fill seven billion barrels awaits, let’s get cracking, they say. So far, state officials are getting the answer they wanted when [...]

The post Fervor grows for Tuscaloosa Marine Shale appeared first on Mississippi Business Journal.

No timetable for Tuscaloosa Marine Shale drilling

Ted Carter — Fri, 17 May 2013 18:56:17 +0000

Always alert to the pitfalls of overstatement, economic development executives resist the term “transformative.” They reserve the adjective for developments that have already achieved momentous economic importance or ones that are about to. You can put the Tuscaloosa Marine Shale play into the “about to” column, according to Manning McPhillips, chief administrative officer for the [...]

The post No timetable for Tuscaloosa Marine Shale drilling appeared first on Mississippi Business Journal.

Senator claims Obama has cost TVA hundreds of millions of dollars

Associated Press — Thu, 16 May 2013 14:00:42 +0000

NORTH MISSISSIPPI — Sen. Lamar Alexander (R-Tenn.) says President Barack Obama’s plan to consider selling the Tennessee Valley Authority has already cost hundreds of millions of dollars — even if the nation’s largest public utility is never sold. The Tennessee Republican said TVA bonds lost about $500 million in value after the president’s announcement last [...]

The post Senator claims Obama has cost TVA hundreds of millions of dollars appeared first on Mississippi Business Journal.

Senator: Is federal bioenergy program undercutting foresters?

MBJ Staff — Mon, 13 May 2013 11:30:33 +0000

WASHINGTON — U.S. Sen. Thad Cochran (R-Miss.) is questioning whether a U.S. Department of Agriculture bio-based marketing program amounts to a bias against traditional forest products and whether such policies are fair. Cochran broached the topic at a Senate Agriculture Appropriations Subcommittee hearing to review the FY2014 budget request for the USDA. The USDA BioPreferred [...]

The post Senator: Is federal bioenergy program undercutting foresters? appeared first on Mississippi Business Journal.

Biotech group sends letter to Cochran urging mandatory funding

MBJ Staff — Fri, 10 May 2013 11:52:13 +0000

AROUND MISSISSIPPI — A group of Mississippi biotechnology companies and state associations have written Sen. Thad Cochran (R-Miss.), urging him to support mandatory funding for renewable energy programs in a new Farm Bill. Elevance Renewable Sciences of Natchez and DuPont Corporation, which has operations in Pass Christian and Pascagoula, sent the letter along with supporters [...]

The post Biotech group sends letter to Cochran urging mandatory funding appeared first on Mississippi Business Journal.

State leaders ask Washington for more offshore drilling

Associated Press — Mon, 06 May 2013 21:49:48 +0000

GULF OF MEXICO — Six coastal governors have called on Washington to open up more waters to offshore drilling and to make permitting a quicker, more efficient process. The governors of Texas, North Carolina, South Carolina, Alabama, Mississippi and Alaska spoke Monday at the Offshore Technology Conference in Houston. Officials from Louisiana and Virginia also [...]

The post State leaders ask Washington for more offshore drilling appeared first on Mississippi Business Journal.

Town signs lease deal with biofuels company

Associated Press — Sun, 05 May 2013 18:38:37 +0000

GLOSTER — The town of Gloster has signed a lease with Drax Biomass International for its Amite BioEnergy wood pellet plant. The Enterprise-Journal reports that the 15-year lease calls for the company to pay the town $8,000 per year for the first 10 years and $9,000 for the next five. There are options to continue [...]

The post Town signs lease deal with biofuels company appeared first on Mississippi Business Journal.

County borrowing to buy land from alternative fuels company

Associated Press — Fri, 03 May 2013 00:03:59 +0000

NATCHEZ — Adams County will borrow the $9 million it now needs to buy the former International Paper property from Rentech. County officials announced earlier this week they had reached a deal with Rentech for the 478-acre property. Officials tell the Natchez Democrat the board of supervisors will adopt a resolution to issue bonds for the [...]

The post County borrowing to buy land from alternative fuels company appeared first on Mississippi Business Journal.

Governor unveils Coast projects funded by BP money

Associated Press — Thu, 02 May 2013 23:52:49 +0000

MISSISSIPPI GULF COAST — BP PLC is paying $69 million for interactive exhibits at a Hancock County science center, a concrete pathway on the beach at Pascagoula, up to six miles of shoreline and improvements at a park as part of Mississippi Gulf Coast restoration from the Deepwater Horizon oil spill, Gov. Phil Bryant said. [...]

The post Governor unveils Coast projects funded by BP money appeared first on Mississippi Business Journal.