Nacero takes a powder but plans to return

Odessa American

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Independent: AIM Media Texas

Nacero takes a powder but plans to return

The chief operating officer of Nacero Inc. has told the Odessa Development Corp. board that his Houston-based company had postponed its plan to build a $7- to $10-billion airplane fuel manufacturing plant at the oilfield ghost town of Penwell 15 miles west of Odessa and would instead start making methanol on the Gulf Coast. Nacero COO Hal Bouknight said his company would need at least five years to build the methanol plant, making fuel for ships…