Odessa, Texas —
The Energy Epicenter
The last decade has proven to be one of growth and
economic diversification for the city of Odessa, Texas. Still the
largest single source of oil and gas deposits in the United
States, Odessa has experienced a thriving oil economy. In addition, new businesses have come to the city that have helped
diversify the economy, as well as reinforce the quality of life
standards to which Odessans have become accustomed.
Odessa proudly boasts of high-quality cultural and recreational
facilities, as well as healthcare and transportation often associated with larger cities.
In recent years, Odessa has emerged as an energy epicenter.
In addition to the oil and gas that the region is so well known for,
electrical power generation has become a mainstay in Odessa. In
fact, the Odessa Development Corporation (ODC) is still hard at
work pursuing Summit Power. This private endeavor, with the
help of the legislature, will be the first venture of its kind in the
United States. Very much like the FutureGen project for which
Odessa made the short list in 2007, Summit is looking to design,
build, and operate an energy facility that produces electricity
and hydrogen from coal, with near zero emissions.
This type of project will greatly reduce mercury and sulfur
emissions, as well as water usage, and will capture a high percentage of their carbon dioxide, resulting in lower greenhouse
gas emissions. The captured carbon dioxide will be used for cli-mate-monitored enhanced oil recovery and other geological
carbon sequestration. The Permian Basin is a prime location for
the carbon dioxide capture, since we are the pioneers of that
process.
Summit Power Group, Inc. excels in the innovative development of large electricity generation projects. Led by a group of
highly experienced energy industry professionals with an extensive network of relationships and deep knowledge of the energy
industry in the United States and abroad, Summit has established a remarkable track record of successfully leading the
development of large electricity generation projects with nearly
4,500 megawatts of electric power plants already in operations.
The ODC has and is still working with Texas Senator Kel
Seliger, Representative Tryon Lewis, and the Public Utilities
Commission to bring Summit Power to Ector County.
Odessa is also home to the PSEG Texas Plant and the Quail
Run Energy Center. West Texas also boasts the largest wind
farm in the world. In all cases, Odessa, Texas, has risen to the
top of the list for energy in the state of Texas and across the
United States.
Fortunately, Odessa is big enough to have a superior transportation system, yet it is small enough to get around in quickly.
The multi-lanes of Interstate 20, State Highway 385, and John
Ben Sheppard Parkway provide quick access to industrial, commercial, and residential areas in central and east Odessa. Also
within 10 minutes of Odessa’s city limits you will find Texas’
ninth-largest international airport, which is vital to the Permian
Basin’s growing trade opportunities.
If you’re considering a new place to relocate, take a long
look at Odessa.
Gary Vest
Director of Economic Development
Odessa Development Corporation
700 N. Grant, Suite 200
Odessa, TX 79761
Phone: 877.363.3772
Fax: 432.333.7858
E-mail: vest@odessaecodev.com
www.odessatex.com
