St. Louis, MO (PRWEB) April 11, 2010
The Doe Run Company has invested $200,000 in the second phase of a comprehensive feasibility study relating to a proposed Jefferson County port that would use company property in Herculaneum, Mo. Conducted by TranSystems of St. Louis, the year-long, phase two study started in March and will focus on precise port facilities and services and what is required to successfully build and operate a port in Herculaneum.
"We recognize that the Doe Run facility in Herculaneum has a finite life, and we have a responsibility to the community that's supported us for more than 100 years," said Aaron Miller, environmental management coordinator for Doe Run. "We are committed to sustainability, and know that we need to look for a compatible use for this site. All of the findings in phase one of our feasibility study were very promising. We're excited to have the second portion under way."
Similar to the phase one process, Doe Run will manage the latest feasibility study with TranSystems and share all results with the involved entities including the Missouri Department of Transportation, the Port Authority of Jefferson County, the Cities of Pevely, Festus, Crystal City, Herculaneum, East West Gateway, the Regional Commerce and Growth Association (RCGA), Jefferson County, the Jefferson County Department of Economic Development (DED) and the Missouri DED. Key objectives for phase two are to quantify specific cargo trades and identify individual shipper and terminal operators for determined facilities and services; and to create a single master development plan that provides a reasonable strategy to capture cargo and that illustrates a full "build-out" scenario.
In the first phase of Doe Run's study, TranSystems evaluated the suitability for potential port development in Herculaneum and prepared an initial plan for site development. The Doe Run site in Herculaneum has good river access that the company has leveraged to ship and receive products in the past. The study investigated the potential for cargo markets in the county and considered realistic future uses for the site. In addition, phase one research confirmed that economically, a Jefferson County port means long-term job growth.
"Phase one projections indicated that economic activity would increase significantly, making a port absolutely worth exploring," said Miller. "The potential upside for the county, surrounding communities and regional business is impossible to ignore."
Committed to its role as a community partner, Doe Run assembled a port advisory group at the beginning of the first study. Doe Run has met individually with each member of the advisory group, and the group holds regular meetings to gather ideas on the project's direction.
"The Herculaneum site is very unique in that it has access to both the river and rail," said Miller. "The city is putting in a new bridge, and so far, everything regarding a new port looks very promising for our community."
In addition to the Doe Run study, the Port Authority of Jefferson County is raising money to conduct its own phase two feasibility study. The Port Authority hopes to have $600,000 in place by June of this year.
About The Doe Run Company
Based in St. Louis, The Doe Run Company is a privately held natural resources company and the largest integrated lead producer in the Western Hemisphere. Dedicated to environmentally responsible mineral and metal production, Doe Run operates one of the world's largest, single-site lead recycling facilities, located in Boss, Mo. The Doe Run Company and its subsidiaries deliver products and services necessary to provide power, protection and convenience. Doe Run has operations in Missouri, Washington and Arizona. For more information, visit http://www.doerun.com.