Hyperion hopes to change terms in land options for oil refinery - KTIV News 4 Sioux City IA: News, Weather and Sports

Hyperion hopes to change terms in land options for SD oil refinery site

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A rendering of what the proposed Hyperion oil refinery might look like when built. A rendering of what the proposed Hyperion oil refinery might look like when built.

Officials with Hyperion Resources, the company that plans to build a $10-billion oil refinery north of Elk Point, South Dakota, said they've come up with a new way to keep their land options while they wait out challenges filed by an environmental group.

In a recent letter to the landowners, Hyperion Refining Vice President Preston Phillips proposed timing the options to the conclusion of legal challenges to Hyperion's permits.

Philips said they're trying to find ways to work through the hurdles raised by the Sierra Club.

Hyperion has the ability to extend the options with Union County landowners on more than 5,000 acres through August 2013.

The South Dakota Supreme Court has scheduled arguments on an appeal of Hyperion's air permit for October third.

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