Evergreen idles Ft. Union coal refinery near Gillette; CEO says WY still possible site for future plant

摘要

In a letter dated March 20, and addressed to shareholders, customers and business partners, Kevin R. Collins, Evergreen Energy president and CEO, announced a strategic development, which the Denver. CO-based company said will help pave the way for the construction of its coal refineries. Having completed work with strategic partner, Bechtel Power Corp., on an enhanced plant design, and with business development activities advancing in markets such as Asia and domestically, Evergreen Energy has decided to direct its capital resources and full management attention toward closing deals using the company's next-generation coal refinery design.