The federal Economic Development Administration has approved Energy Capital Economic Development’s application for a grant to provide part of the funding for the Advanced Carbon Products Innovation Center (ACPIC).
The money will be used to help purchase the land, install infrastructure and build a facility at the Fort Union Industrial Park. This facility will provide a space for organizations to take their existing lab research and commercialize it for new and profitable products made from coal.
ACPIC will provide a space where lab research can be taken from the lab and be proven to be commercially viable. Once the process and products are proven, the next step is a commercial industrial manufacturing plant to make the product. This will provide two important parts of Campbell County’s future economic growth.
- First, we will have a more diverse economy that is not dependent upon the price, demand or political climate of coal, oil and gas.
- Second, with coal as the primary raw material for these Advanced Carbon Products, local people will still be mining coal, with the added bonus of new customers for their products.
ECED is partnering with the University of Wyoming School of Energy Resources to bring this opportunity to fruition. A number of organizations have already expressed interest in leasing space in the building.