Bismarck, ND and Westlake Village, CA, Aug 17 (Bernama-GLOBE NEWSWIRE) — Clean energy infrastructure developer Bakken Energy (Bakken) today announced that it has reached agreement with Basin Electric Power Cooperative (Basin Electric) on key terms and conditions to purchase the assets of the Dakota Gasification Company (Dakota Gas), a subsidiary of Basin Electric, and the owner of the Great Plains Synfuels Plant (Synfuels Plant). The closing is subject to the satisfaction of specified conditions and expected to be completed by April 1, 2023.
Located near Beulah, North Dakota, the Synfuels Plant will be transformed into the largest and lowest-cost, clean hydrogen production facility in the United States. In June 2021, Bakken and Mitsubishi Power Americas (Mitsubishi) announced they had entered into a strategic partnership to create a world-class clean hydrogen hub in North Dakota to produce, store, transport, and locally capture and sequester carbon (CO2). The Synfuels Plant facility will form the nucleus of a clean energy hub designed to aggressively advance regional, national, and global decarbonization objectives through the development of clean hydrogen applications for the agriculture, power, and transportation sectors.
