Precision Lining Systems LLC has completed the purchase of 20 acres at 9019 N. West County Road in Odessa. The company plans to market and sell fiberglass lining systems made by Duoline Technologies, the company selling Precision the facility.
Precision Lining plans to keep full employment at the site. According to a news release, Duoline will maintain an active manufacturing facility in Odessa, even as it expands operations in East Texas.
Summit Power Group Inc.’s planned Texas Clean Energy Project could have a new owner in the coming months.
The Bainbridge Island, Wash., company is negotiating with investors who will help take up some of the costs the U.S. Department of Energy isn’t covering on the planned $2 billion coal gasification plant, said Laura Miller, Summit’s Texas projects director.
The board of the Odessa Development Corp. didn’t take any action on new economic development projects at its Thursday meeting, but members did hear about some potential items for its next agenda.
The ODC’s compliance committee will look at two new projects next week, said Gary Vest, economic development director for the Odessa Chamber of Commerce.
Vest said he was “sworn to secrecy” on the identity of the new companies, but one was out of Atlanta.
The Odessa City Council will hold a public hearing for the city’s fiscal year 2010-2011 budget as part of its regular meeting tonight.
The proposed budget calls for total expenditures of more than $137.94 million.
While City Manager Richard Morton has said the budget would be relatively flat compared to fiscal year 2009-2010, it does include 4 percent step pay raises for public safety officers, as well as 2 percent raises for the city’s other employees.