Bakken Energy and Mitsubishi Power Americas say they are acquiring a synthetic natural gas plant in western North Dakota and plan to redevelop it to produce renewable energy. The deal to purchase the Great Plains Synfuels Plant from Dakota Gasification Co. is expected to be finalized by next April. Terms of the deal have not been disclosed. The plant near Beulah is part of a proposed hub announced in June to produce clean hydrogen, which has a variety of uses including powering vehicles and energy generation. Gov. Doug Burgum has hailed the project a key part of the state’s plan to become carbon neutral by 2030.
AP
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Original story:
Bakken Energy says it has reached agreement with Basin Electric Power Cooperative on key terms and conditions to buy the assets of the Dakota Gasification Company…which include the Great Plains Synfuels Plant near Beulah.
Bakken says the Synfuels Plant will be transformed into the largest and lowest-cost, clean hydrogen production facility in the U-S.
In June of this year, Bakken and Mitsubishi Power Americas said they had entered into a partnership to create a world-class clean hydrogen hub in North Dakota to produce, store, transport, and locally capture and sequester carbon.
The North Dakota Hydrogen Hub is expected to be commercially operational in late 2026 … with a redevelopment budget for the broader hub including carbon capture and sequestration and hydrogen storage exceeding $2 billion.
The closing of the deal is subject to certain conditions and is expected to be completed by April 1, 2023.
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