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Show sec will develop Sa irad Wash )difigs wifhou-fl- TOE he Ira mrooration last wwk uf-f uf-f commitment to the sSKWment of its Sand Mle property In northeastern fcu'rent schedule. ol,ns to proceed with final inwrin 'ld environmental commercial oil shale. 11 Sand Wash property. The h nroperty. leased from the J i consists of nearly 15.000 oil 'shale deposits south of ,te of Utah has been a strong . of oil shale development and very pleased to be able to , a commercial plant there, aid that a recent Department decision not to award the , contract for certain design ,der Program Opportunity or cost sharing on the Sand Wash development was due to the fact that a satisfactory business arrangement could not be reached to protect Tosco's proprietary oil shale retorting technology, developed over the past 15 years entirely with Tosco's own funds. In its selection statement, the Department of Energy said: "Although the Tosco proposal was the highest rated technically," Tosco and DOE' could not reach an acceptable business agreement arrangement. awvu o v-uiicui Rictus UlC SUUU Uiai the development of the Sand Wash project will not be impeded by the DOE decision and the decision has no implications im-plications tor Tosco's other discussions with DOE," said John D. Lyon, Executive Vice President in charge of Tosco's Oil Shale Division. "Tosco is looking forward to working -with the government on other programs." U Tosco Corporation is a major venture partner in the Colony Development Operation, an oil shale project in Colorado, on private land, now ready for commercial construction. Tosco is a diversified energy company com-pany engaged in refining and marketing petroelum products, coal production and the production of technologies to refine clean fuels from oil shale, coal and other solid materials. Tosco is the nation's second largest independent refiner of gasoline. |
