Washington State in Geothermal News
Posted on December 18th, 2007 by Lawrence Molloy
Raser Technologies Inc. in Provo, UT, said it has completed an initial review of property available under its option on 229,000 acres held by International Paper, and has selected approximately 78,000 acres in Oregon and Washington for further study of its geothermal potential.
You can read the full article about Raser geothermal investment in Washington in the Salt Lake Tribune. The scope of the deal, according to Raser Technology PR, says that the initial review of IP holdings:
completed an initial review of the previously announced 229,000 acres option on International Paper property for geothermal resources, and has selected approximately 78,000 acres in Oregon and Washington for further study. Raser will have the exclusive right to these properties over the next 36 months to complete its analysis and enter into a long-term lease with the property owner.