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Chinook Sale?

Posted on 29th September 2010 at 08:12

There could be a new owner and a new activity at the old Reynolds Metals plant, as a coal-exporting company based in Utah looks to buy out Chinook Ventures. Today’s Daily News reported that Millenium Bulk Logistics of Salt Lake City is in negotiations to buy out Chinook Ventures’ interest in the old aluminum plant, with a goal of having the facility converted for use for coal exports and other imports within a year. Officials with Cowlitz County say that Millenium has applied for permits to replace dock pilings, and to upgrade the conveyor belt system. Chinook has been operating the conveyor without a permit. Chinook has also been hit with huge state and federal fines for illegal operation of the facility without proper air and water quality permits. Along with the piling work, Alcoa has also applied for a permit to dredge the shipping berth area. It’s reported that Millenium would use the facility to export coal, and to import cement and alumina. They say that the facility would employ about 60 people, the same number now working for Chinook Ventures. County officials say that Millenium is involved in a “full-court press” on the project, and apparently are hoping to be operating by next year.