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Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: EmailDelivery@businesswire.com X-To: TX-INDUSTRIAL-INFO-RES@businesswire.com X-cc: X-bcc: X-Folder: \PTHOMAS2 (Non-Privileged)\Thomas, Paul D.\Deleted Items X-Origin: Thomas-P X-FileName: PTHOMAS2 (Non-Privileged).pst Welcome to eMail News Delivery, a service from Business Wire. Here is your Industrial Information Resources Inc. news release. If you have received this in error please send a message to: eMailDelivery@businesswire.com with the following command in the body of the message: unsubscribe TX-INDUSTRIAL-INFO-RES If you have questions about this service, please contact your Business Wire Account Executive or service@businesswire.com BW0035 OCT 15,2001 2:01 PACIFIC 05:01 EASTERN ( BW)(TX-INDUSTRIAL-INFO-RES) US Chemical Companies Spending Millions To Produce Their Own Electricity, in an Advisory by Industrialinfo.com Business Editors HOUSTON--(BUSINESS WIRE)--Oct. 15, 2001--The following is an advisory by Industrialinfo.com (Industrial Information Resources, Inc.; Houston, Texas). The Dow Chemical Company, BP and Occidental Chemical Company all have something new in common. These companies, along with a growing list of their peers, are increasingly turning to combined heat and power (CHP) generation, more commonly known as cogeneration, as a solution for their electricity and process steam needs. The co-production of electricity and steam are not new ideas, but their popularity in the U.S. is growing. Recent estimates have chemical companies responsible for nearly 1/3 or 17,000 mega-watts (MW) of all electricity generated through cogeneration in the US. Aided by legislation passed in 1978 allowing the sale of excess electricity to local grids and more recent deregulation, projects of all sizes are being planned and built across the country. Many factors have contributed to make cogeneration more attractive to chemical companies and chief among them are favorable economics and environmental efficiency. Even the smaller chemical companies are building cogeneration units, thanks to recent technological breakthroughs. Dow Chemical and American Electric Power have teamed up to build a $325 million 900MW cogeneration at Dow's site in Plaquemine, Louisiana, scheduled to start construction in the fourth quarter of 2001 and be completed in 2003. BP and Cinergy Solutions broke ground late last month on a 570MW plant for BP's Texas City, Texas refinery and chemical complex. The $275 million plant is expected to come online in 2004. Occidental Chemical Corporation is reviewing plans for an 80MW plant for one of its Gulf Coast sites with approval of for the $40 million project expected in June of 2002. "Traditional power producers were less than thrilled with the increasing trend towards cogeneration, as they were not only losing part of their customer base, but were also seeing those customers emerge as rivals on the open market," according to Annette Kreuger, Chemical Industry Specialist with Industrialinfo.com. "To offset the losses, those same traditional energy producers are now bending over backwards to put together attractive design and construction packages for the chemical companies. In some cases, they are entering into partnerships with the companies to share costs and profits. In these days of deregulation, there are a host of ways to set up these new cogen units, but the bottom line is that chemical producers want more control of how their energy dollars are spent." Industrialinfo.com provides daily news related to the industrial market place including industry alerts and databases for the energy and industrial markets. For more information on trends and upcoming construction activities in the Chemical Processing (CPI) markets as well as other industrial sectors send inquiries to chemicalgroup@industrialinfo.com or visit us at www.industrialinfo.com. --30--LS/na* CONTACT: Industrial Information Resources Inc., Houston Trey Hamblet, 713/783-5147 KEYWORD: TEXAS LOUISIANA INDUSTRY KEYWORD: CHEMICALS/PLASTICS ENERGY UTILITIES SOURCE: Industrial Information Resources Inc. For the best viewing of the news releases please use the following email settings: Courier 10 point. -Notice of Copyright and General Disclaimer- © 2000 Business Wire. All of the releases provided by Business Wire are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire`s members who are solely responsible for their content, accuracy and originality. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission. - Notice of Copyright and General Disclaimer -- © 1999 Business Wire. All of the releases provided by Business Wire are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire`s members who are solely responsible for their content, accuracy and originality. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission.
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