By the way, the project depends on Hyperion getting a $10B Federally guaranteed loan to pay for building it.
Quote:
The company expects construction of the refinery alone will cost about $8 billion, or around $20,000 per barrel of crude oil throughput capacity, the high end of replacement cost for a U.S. refinery. News reports earlier put the cost at $10 billion.
Hyperion declined to discuss details on project financing or how important an incentive package from local or state governments might be in its decision where to locate the center.
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So, the refinery is going to expensive to build, and given its remote location, getting experienced refinery tech might be expensive. I don't think illegal immigrants would qualify as refinery engineers....
If oil consumption falls as a switch to alternatives occurs in the next decade, the taxpayers might foot a good part of the cost of building that refinery.