Gov. Kay Ivey, as part of a plan to distribute $2.8 billion in surplus education funds, has proposed allocating $25 million to the port for its coal operations.
Last week, Gov. Kay Ivey revealed her proposal for distributing. Included in that proposal was $25 million to the Port of Alabama, earmarked in the bill for “economic development and coal loading/unloading equipment.” The port is called the “Port of Alabama” in the bill but is commonly referred to as the “Port of Mobile.”
“We thank Governor Ivey for her continued leadership and vision to grow Alabama’s economy and create Alabama jobs,” John Driscoll, CEO of the Alabama State Port Authority, said in an emailed statement. The money is to be used for a larger shift happening in the port’s coal operations, officials say. As the use of thermal coal, which is used to produce energy, winds down, Alabama’s metallurgical coal—high-quality coal that’s used to produce steel—is becoming more in demand, Patrick Cagle, president of the Alabama Mining Association says.
In turn, the port’s McDuffie Coal Terminal, one of the world’s largest, is transitioning from primarily importing thermal coal to mostly exporting metallurgical coal. According to an economic impact study by the AMA, metallurgical coal exports accounted for 50% of the port’s revenue in 2018. And by the end of this year, port officials say the terminal may be export-only.
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