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NeuVentus Receives Storage Permits for its Texas Reliability Underground (TRU) Hub Salt Cavern Storage Project

LCG, April 4, 2025--NeuVentus, LLC ("NeuVentus") announced this week the receipt of a final order from the Railroad Commission of Texas (RRC) that grants a subsidiary of NeuVentus authority to create and operate 12 salt caverns for storage of a variety of gases (including natural gas and hydrogen) and liquids at its Texas Reliability Underground Hub ("TRU Hub") salt cavern storage project located in Liberty County, Texas.

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X-energy and Dow Submit Application to the NRC to Construct an Advanced Nuclear Project in Texas

LCG, March 31, 2025--Dow and X-Energy Reactor Company, LLC ("X-energy") today announced the submission of a construction permit application to the U.S. Nuclear Regulatory Commission ("NRC") for a proposed advanced nuclear project in Seadrift, Texas. The proposed advanced small modular reactor ("SMR") project could begin construction later this decade and commence operations early next decade.

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Industry News

Minnesota Power Announces 225 Megawatt Cogen

LCG, Aug. 16, 2001--Minnesota Power & Light Co. said this morning it and Blandin Paper Co. are planning a 225 megawatt cogeneration plant adjacent to Blandin Paper in Grand Rapids, Minn.

Minnesota Power said its subsidiary Rainy River Energy Corp. will own 71.5 percent of a new company, Rapids Power LLC, and Blandin Paper Co. will own 28.5 percent. The project is expected to cost more than $200 million.

Although Minnesota power used the phrase "state-of-the-art" freely in its news release, the plant will burn about 40 percent wood chips and 60 percent coal. It will meet all of the paper company's steam requirements and sell power into the regional wholesale market.

Blandin, a leading producer of lightweight coated stock for magazines and catalogs, uses lots of steam to heat its calenders, big, polished steel rollers which dry the paper web and impart a gloss. The paper company is owned by Helsinki, Finland-based UPM-Kymmene, the largest manufacturer of magazine papers and third-largest paper producer in the world.

"We are very excited about this joint venture arrangement with UPM-Kymmene," said BobEdwards, president of Minnesota Power. "It will benefit both our companies, as well as the state andregion."

Raimo Malkki, a senior vice president of Blandin Paper, said "We are pleased that this newfacility will not only modernize our steam supply, but also help sustain our long-term viability andsuccess."

Permit applications will be filed in September, Minnesota Power said. With timely approvals, construction would begin in the fall of next year with commercial operation beginning in mid-2005.

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