Nathaniel Energy signs $50 million deal for TDF-powered plant

KEYES, Okla. (Feb. 10)—Nathaniel Energy Corp. has signed a $50 million deal with the Cimarron Industrial Park Authority in Keyes to build a 20-megawatt, tire-derived-fuel powered energy plant there. Minus the necessary permits—which Nathaniel Energy expects to receive in the next 60 to 90 days—this completes the deal in Keyes that the Castle Rock, Colo.-based energy company announced last fall, according to President Stan Abrams. "By the first part of the summer, we could break ground," said Abrams, who added that the facility will take six to nine months to complete once begun. The plant will produce electricity, steam, heat and various by-products from about 12 million scrap tires annually, he said.