Baard Energy / Coal / Energy

State pushes port for cash

LISBON — “The Columbiana County Port Authority is being told by the state to repay $305,500 awarded the agency for the defunct Baard Energy project.

The Ohio Development Services Agency (DSA), formerly the Department of Development, awarded the port authority the money in 2007 to help secure options on land in Yellow Creek Township for Baard’s proposed coal-to-liquid fuel plant.

The grant was tied to the creation of 200 jobs, which never materialized after Baard ran into financing problems and eventually sold out in 2011 to Planck Trading, an investment firm that proceeded to use its money to acquire the remaining 400 acres. Nothing has happened since with the project.”

— Tom Giambroni, Lisbon Morning Journal

link to article