In December, I speculated that Richard Benda and Joop Bollen had their eyes on Hyperion's proposed refinery in Elk Point as one of South Dakota's next great EB-5 visa investment projects. A document from the Governor's Office of Economic Development…
Posts tagged as “Hyperion”
Not one of Hyperion's promises of great economic development ever materialized. But now, a year after the Dallas dreamers gave up their refinery proposal, Union County residents may pay a price to undo the regulatory contortions Hyperion wrote into their…
Pure speculation, Marty. Just skip this part. The GOED/SDRC/EB-5 scandal is a mess. The press still hasn't settled on a name for this vast complex of financial shenanigans (one national observer calls the affair South Dakota's Watergate) that touches on…
Last month Hyperion released its last 24 land options in Union County. Hyperion's proposed refinery near Elk Point has thus returned as fully to square one as possible. The complete failure of the Hyperion project to get off the ground…
Even an emperor, denied water, would swiftly turn to dust. Water is the real monarch, and we are all its slaves. —Salman Rushdie, The Enchantress of Florence, 2008 Texas-based Hyperion's refinery in Union County would have consumed 12 million gallons…
Hyperion's proposed refinery in Union County appeared to die last fall when the Dallas-based company let its land options expire. The corpse decayed further last week as Hyperion let its hard-won air quality permit expire. The South Dakota Supreme Court…
In my morning post on the collapse of Hyperion's Union County refinery plans, I hyperlinked to a September 24 article by Julie Ann Madden in the mighty Akron Hometowner that appeared to catch first wind that Hyperion was letting its…
The Hyperion refinery is kaput. In August, Hyperion started withholding annual payments and dropping land options in Union County, where it intended to build a tar sands oil refinery. Now on the eve of arguing for an air-quality permit before…