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South African Company Looks at Coal Plant in Montana

Some executives from Sasol Ltd., a South African oil and gas company, will visit Montana this weekend as they consider whether to build a $5 billion coal-conversion plant here that could employ 2,000 people, U.S. Rep. Denny Rehberg said Wednesday.

Gov. Brian Schweitzer said later he will take the officials on a flight Sunday to show them the vast coal holdings in southeastern Montana, including the state-owned Otter Creek tracts.

Rehberg, a Republican, said he has lined up meetings for Sasol officials with some key House members in Washington, D.C., after they’ve visited Montana.

Passage of the federal energy bill this summer makes a project like this one a possibility because of tax incentives and loan guarantees, Rehberg said. Sasol’s chief executive officer will be coming to Washington in a few weeks, he said.

"The energy bill gives them the opportunity to expand," Rehberg said in a telephone press conference. "We’ve got the resources and the desire for the jobs and the kind of coal they need."

By Johnson, Charles S

Full Story: http://www.rednova.com/news/science/274906/south_african_company_looks_at_coal_plant_in_montana/index.html?source=r_science

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