ArkansasBusiness.com: Energy Security Partners, state revenue, Medicaid

A site near Pine Bluff has won the competition to become home to a multi-billion-dollar plant for turning natural gas into liquid fuel. --THV11.com 04/05/16

LITTLE ROCK, Ark. (KTHV) - A site near Pine Bluff has won the competition to become home to a multi-billion-dollar plant for turning natural gas into liquid fuel.

Economic developers in Jefferson County told Arkansas Business that Energy Security Partners LLC of Little Rock has signed an agreement to lease about 1,100 acres for the project.

The move comes after the company, led by retired Army General Wesley Clark and former U.S. Transportation Secretary Rodney Slater, announced the county as one of the finalists to get the plant.

Company officials have said the $3.7 billion project would produce 33,000 barrels of fuel per day and provide 225 permanent production jobs.

The site is on the Arkansas River and near natural gas pipelines.

Arkansas' balance sheet appears strong, according to the latest state revenue report from the Department of Finance & Administration.

A report on March tax collections shows state revenue for the year nearly $73 million higher than forecast. Net available revenue in March totaled $413.7 million — that's $48 million above the same month last year and $41 million above forecast.

The report showed sales and individual income tax collections above last year's figures and above forecast.

More action is coming Tuesday in the run-up to this week's special legislative session on Arkansas' Medicaid expansion.

A bipartisan group of legislators plan a 1:30 p.m. news conference to announce their alternative plan to the governor's managed care proposal.

The governor has said that only his managed care plan — along with his proposed changes to the private option — will be up for a vote during the session that's expected to start Wednesday.

Lawmakers have their own managed care plan, called DiamondCare. They said they want to persuade the governor to let their plan be heard during the session.

And finally, the estate of the late Cecil O. Cogburn has made a $369,000 donation the Arkansas Tech University Foundation to support the university's nuclear engineering program. Cogburn, who died in 2013, taught engineering at the University of Arkansas at Fayetteville from 1947 to 1989.

Several of his students have served on the mechanical engineering faculty at Arkansas Tech.
 


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