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Show pirojjeefl Deft fetr tainids Paraho Development Corporation is he only firm in Utah to be one of the U synthetic fuel companies to still be in iie race for federal financial backing 'or their $2 billion oil shale project 50 niles southeast of here. If Paraho secures the federal cking, construction of oil shale surface retort and mine will begin this all, said Harry Pforzheimer III. Srector of corporate and public affairs ' f the Paraho Development Cor-x Cor-x ration. The U.S. Synthetic Fuel Corporation weived 62 solicitors for $8 6 billion vhich they have been allotted for levelopment of snythetic fuels. Last week the U.S. corporation educed the number of projects to 11 vith the Paraho project being the only e in Utah and the only one dealing vith oil shale. The others are coal elated. "We are disappointed that no more Jtah firms were selected, but we are timistic that several will be selected with the second solicitation," said Brec Cooke, assistant director for Energy and Minerals in the Utah Department of Energy and Minerals. The seven criteria which the U.S. Synthetic Fuel Corporation based its selection of the 11 are access to necessary resources, committment of project sponsors, all permits in hand or realistically obtainable on a schedule, the firm's right to technology, complete comprehensive financial study, design work sufficient to allow for costs, and the condition of the rights to the site of the project, said Ron Ollis, Utah Department of Mineral and Natural Resources. According to Pforzheimer, the reason his firm was selected is because it met the criteria and because "they were trying to take projects that are at high maturity," Pforzheimer said. When the Paraho project comes on line in 1986 it will be Utah's first commercial oil shale retort producing 42,000 barrels of hydro-treated shale oil daily, Pforzheimer said. r'f 1 1 ) - ; V '2 ' & - , ' . ----- " ... ivXL I 1 il - - " 'JZJ ' ' ' - J V " .--;.J STREET LIGHTS are being installed by the Utah 3 Department of Transportation at the A&W u- Drive-In corner on west Highway 40. The lights Later this month, the U.S. Synthetic Fuel Corporation will select four or five projects of the 11 which will then enter into detailed negotiations in June for financial backing. "We are confident we will be one of those selected," Pforzheimer said. At the peak construction period there will be 2,000 workers employed at the project site. This number will subside to 1,400 when the project is in operation. Pforzheimer said his firm has looked at a new town site, construction camp and ways of assisting local towns with the impact generated by the Paraho project. "We had excellent success in dealing with state and local governmental officials," Pforzheimer said. The company has secured water for the project from the White River, but Pforzheimer said that for the secure long-term source of water, the White River Dam is preferred, but not absolutely ab-solutely essential. will be temporary until others will be installed next spring. |