Map source: Cheapskate Intellectual
I think it’s common knowledge by now that fracking is despoiling water across the continent however I doubt that all fracktivists realize Wisconsin is the number one source for sand used in the process. (Perhaps this blog can work on changing that.)
Below is a newsflash from “Progressive Railroading” which lets us know that $77 million awaits to fund frac sand mining expansion in Wisconsin.
Note that there is no concern in the report for local government regulation of any facility.
Have these people also banked, literally, on Senator Tom Tiffany’s plan to kneecap local government control?
For a bonus kick in the pants, ponder the fact that Houston-based Northern Frac Proppants is working on getting a “green tier” designation from Wisconsin’s DNR. That’s because NFP, “strives to become a leader in environmental sustainability and a positive environmental model for the industry”.
Rail News: Rail Industry Trends
Northern Frac Proppants arranges funds for more frac sand facilities in Wisconsin
Northern Frac Proppants II L.L.C. (NFP) recently completed a $77 million senior-secured credit facility with a five-year term loan.
The company plans to use proceeds from the new credit facility to expand its frac sand mine and production facility in Alma Center, Wis., and add other frac sand processing facilities on Class I lines in Wisconsin.
“Increased demand for our … Northern White frac sand proppant allows us to accelerate plans to bring online additional mining and processing facilities located directly on the key Class I rail lines, all within an eight-mile radius and in proximity to barging,” said NFP Chief Operating Officer Dan Koxlien in a press release. “This gives [us] greater flexibility to attain operating scale and better serve our customers in all major North American shale plays.”
The new credit facility provides the company increased capital flexibility to build additional mine and processing facilities, said NFP Chief Executive Officer Jeff Alston. The company is moving closer to full-scale operation at all planned frac sand sites, which is expected to occur over the next 18 months, he said.
Footnote: A link to Wisconsin Senate Bill 349