February 20, 2008

ConocoPhillips buyer of STK campus

LOUISVILLE – ConocoPhillips Co. plans to open a global technology and corporate learning center for renewable energy and high-tech carbon fuels recovery in Louisville by 2012.

The Houston-based energy giant was the mystery buyer of the Storage Technology Corp. property along U.S. 36, which Sun Microsystems sold for $58.5 million on Jan. 28.

ConocoPhillips (NYSE: COP) is forming internal teams to assess the buildings at the 432-acre site to determine how much renovation or construction must be done to build the research and development center, said Bill Tanner, a spokesman for ConocoPhillips. “We will be moving quickly on this over then next few…

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