FOR IMMEDIATE RELEASE

Media Contact: Stephanie McFarland | 317.602.1546 ext. 2 | stephanie@mcfarlandpr.com

 

Indiana Issues Air Permit to Riverview Energy

First coal-hydrogenation plant in U.S., first greenfield refinery permitted in decades

INDIANAPOLIS (June 14, 2019) — Riverview Energy reached a significant milestone today when it officially received approval from the Indiana Department of Environmental Management for a Title V air-operations permit. The company plans to build the first U.S. direct coal-hydrogenation project in Dale, Ind.

“This is an integral step in the process of bringing the direct coal-hydrogenation plant to Dale,” said Gregory Merle, president of Riverview Energy. “It is also a significant milestone for the U.S., because the plant will be the first greenfield refinery permitted in almost 50 years. This sends a clear message: The United States is back in the energy business.”

The Riverview Energy plant will be the first of its kind in the United States, using a Nobel-Prize winning process that does not burn or gasify coal to make environmentally friendly ultra-low sulfur diesel. Via the direct coal-hydrogenation process, coal particles are hydrogenated in a closed system at high pressure and temperature. The plant will have a significantly lower carbon foot-print than other technologies, and nothing will go to waste. All the plant’s products will be marketable.

Despite the fact the plant is a truly clean-coal innovation, it has been met with misinformed opposition from a small but vocal anti-coal group made up mostly of people outside of the town district.

“We would like to thank everyone who supports this project,” said Merle. “You have suffered the slings and arrows of misinformation and scare tactics, and we appreciate your steadfast encouragement as we worked through the air-permit process.”

Merle says the Dale plant is just the starting point for Riverview Energy’s operations. The company plans to build more plants in the future, and make the coal-hydrogenation process a valuable part of the U.S. energy independence mix.

A report, released earlier this year, by the U.S. Energy Information Administration shows that the global marine shipping industry – which makes up more than 80% of the global trade volume, and 70% of its economic value – will face a potential fuel crisis starting in 2020 when new international regulations go into effect. Riverview Energy’s product will be a significant positive in helping that industry address the crisis – as new regulations will require ships to reduce their fuel-sulfur content from 3.5% to 0.5%.

To meet these new, more drastic regulations, marine shipping vessels will need to either switch to using natural gas on the open seas, install expensive scrubbers, or use USLD. Riverview Energy’s product – coal-derived ultra-low sulfur diesel – will help close the fuel gap the report says the regulations will create.

This process has been used extensively in Germany since the 1930s, and the technology is now in use in China, Russia and is planned for use in the Middle East as well.

For more information about Riverview Energy, email info@riverviewenergy.com

###

ABOUT RIVERVIEW ENERGY

Riverview Energy Corporation is part of a privately held, sixth-generation, family-owned operation that has been in the energy industry since 1843. Few companies can boast this longevity. Our collective operations offer a wide range of carbon products to our customers, including thermal coal, coking coal and metallurgical coke – and we supply coal and other materials serving large multi-national needs in power, metals and cement production. Our enterprise sources coal from the ten largest producers in the world, selling coal to over fifteen different countries. Our collective operations span across Switzerland, France, Spain, India, Hong Kong and the United States. On the whole, our collective operations trade approximately 7 million tons of coal per year, selling to power stations, iron/steelmakers, cement and chemical producers, and others. Currently, the company is working to establish the Riverview Project in Spencer County, Indiana. Click here to learn more about this innovative and ground-breaking project in the United States.

 

OTHER NEWS:

Indiana Company to Play Pivotal Role in New Global Emission Standards