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Show Utah synfuel projects survive latest cut Two projects in eastern Utah are among 14 across the country that will receive funding passed from the Synthetic Syn-thetic Fuels Corp. The agency has announced that the Paraho-Utah Shale Oil Project in Uintah Uin-tah County and the Sunnyside Tar Sands Project in Carbon County, Utah are in line for a share of $10 billion worth of awards to private synfuel projects. pro-jects. Utah's two projects and 12 others have passed an initial technology and engineering design "maturity" test, the corporation said. The action leaves 19 projects in all eligible for the $10 billion in loans and guarantees. An estimated $6 billion will go to coal projects, $3 billion for oil shale and $1 billion for tar sands and heavy oil rw. posals, according to the corporate board. No decision was made on an adfa $5 billion the federal agency C available under congressional propriation. ' Seventeen of the 19 projects still rr.js pass further tests before receiving award. Board chairman Edward Noble c phasized in a statement the important of oil shale in the corporation's m gram. "Generally we are satined with 'Jk extent and quality of project divers in the first two solicitations for m' sideration," Noble said. "But we m also fully aware of the limited nimie of mature oil shale projects under m sideration at this time." Noble said an oil shale resource b "is essential to a balanced syntto. fuels program," and noted thai board set aside $3 billion of the n, billion for such activity. The board said 14 new projects hi: passed a maturity test that incliifc issues of technology base and theeito of engineering design. |
