|
| |
|
Alliance announces clean energy initiative
BOSTON (August 23, 2003) - An alliance of environmental, industry, academic, and government organizations has formed a coalition, the Northeast CHP Initiative, to spearhead the installation of clean, reliable, energy-efficient ‘combined heat and power’ (CHP) systems throughout the Northeast.
CHP systems, also known as clean cogeneration, produce electricity and usable heat simultaneously at the point of use. Conventional electric power generation does not capture the heat generated in power production.
CHP strives to save energy, reduce pollution and is good for the economy. CHP systems are up to 80% efficient, compared with the national average efficiency of 33% for traditional electric generating plants. CHP claims to work on nearly every scale, from small commercial applications of under one megawatt to large industrial plants hundreds of megawatts in size. With these benefits, it is no surprise that the President's National Energy Policy Report emphasizes CHP. Other benefits of CHP include: (1) re-cycling as much of the waste heat as possible for various facility needs such as heating water, producing steam, as well as providing process heating or cooling; (2) facilitating economic development through the creation of manufacturing and trade jobs; (3) avoiding electric transmission and distribution losses; (4) reducing the need to expand the electricity transmission grid; (5) reducing emissions of criteria pollutants and greenhouse gases; (6) increasing reliability and power quality -- diversity of power generating sources enhances energy security; and (7) strengthening economic competitiveness of regional businesses through reduced energy costs achieved by using highly efficient CHP systems. The mission of the Initiative is to facilitate a doubling of the amount of CHP in the Northeast by 2010. The Northeast CHP Initiative will focus on the strong base of CHP already in use in the Northeast and provide coordinated technology transfer to share information about success stories in order to facilitate cost-effective replication throughout the region and beyond. To achieve its mission, the Northeast CHP Initiative will work to remove marketplace and government barriers to CHP development. The Initiative's strategy includes streamlining the environmental permitting process, developing interconnect and free access guidelines for states, educating pertinent policy makers and industry groups, and developing a pro-CHP policy platform for legislative changes in Northeastern states. The founding organizations of the Northeast CHP Initiative include the Gas Technology Institute, Northeast States for Coordinated Air Use Management (NESCAUM), TurboSteam, The Center for Energy Efficiency and Renewable Energy at the University of Massachusetts, the New York State Energy Research and Development Authority, RealEnergy, the Pace University Energy Project, Southern Connecticut Gas Company, and the Northeast-Midwest Institute. Ashland names Cappeline vice president COVINGTON, Kentucky (December 3, 2002) -- Gary A. Cappeline, 53, has been named vice president, Ashland Inc. (NYSE: ASH), and president, Ashland Specialty Chemical according to James J. O'Brien, Ashland Inc. chairman and chief executive officer. The appointment will be effective December 4. Managing for high performance: It's all about respectHORSEHEADS, N.Y. (December 3, 2002) -- Poor management practices are to blame for everything from low employee morale to repeated corporate downsizing, says syndicated business columnist Gene C. Mage. Solutia to sell resins, additives, adhesive businesses to UCBST. LOUIS, Missouri (December 3, 2002) -- Solutia Inc. (NYSE: SOI) today announced that it has signed a definitive agreement to sell its resins, additives and adhesives businesses to UCB S.A. for U.S. $500 million cash. In addition, UCB has made an upfront payment of $10 million for a short period of exclusivity. The sale is expected to close in early 2003, subject to completion of normal regulatory approvals and other customary closing conditions. Mitsubishi Chemical Group to launch plastics solution siteTOKYO, Japan (October 29, 2002) - Mitsubishi Chemical and 10 Mitsubishi Chemical Group companies are to launch a plastics solution site on the Internet from November 1, 2002. Following its launch, the Web site can be found at www.plastics-net.com. Elemica and Optimum Logistics form strategic allianceSTAMFORD, Connecticut (October 30, 2002) - Elemica, an e-hub serving the chemicals industry, and Optimum Logistics, a provider of supply chain execution, event management, and trade documentation to global shippers, have formed an agreement to provide Optimum Logistics solutions via the Elemica Network. Atrion launches ChemAware, online chemical legislation databaseMONTREAL, Canada (June 25, 2003) - Atrion International has launched ChemAware, a free online database of global chemical legislation for nearly 200 countries. ChemAware enables professionals to quickly and easily query for specific legislation in a certain country and, if it exists, to find where that legislation is located on the Internet. Brenntag Canada offers improved online orderingTORONTO, Canada (November 29, 2002) -- Brenntag Canada has launched a new "On-Line Store," allowing its customers to place and confirm orders online. Praxair adopts new governance practicesDANBURY, Connecticut (November 27, 2002) --Praxair, Inc. (NYSE:PX) on Tuesday announced significant changes in its practices for corporate governance and the board of directors, designed to enhance the board's effectiveness in fulfilling its responsibilities and to serve the interests of all Praxair stakeholders. Aberdeen: Collaborative planning holds promise with the right dataA wise electrical engineer, in explaining why his company's energy savings program had achieved negative results, once said: "If you can't measure it, you can't manage it." According to a new report from Aberdeen Group, that observation is as true for collaborative planning as it is for electricity. Online procurement: process change trumps new toolsA new Forrester study on Internet procurement trends shows just how prevalent online buying has become while documenting the growing disparity between large and small firms. H.B. Fuller taps ChemConnect to extend online sales, sourcingHOUSTON, Texas (November 25, 2002) -- Specialty chemical maker H.B. Fuller has committed to use ChemConnect to expand its online strategic sourcing and sales initiatives. Gartner: IT leaders must continue to invest in their peopleBRIDGEWATER, New Jersey (November 25, 2002) -- Today's short-term focus on cutting IT costs by reducing head count and cutting back on employee development will leave many companies unable to meet the demands of new business as the economy rebounds, according to a new report by people3, a Gartner company. Nexant honored for ChemSystems Online consulting platformLONDON (November 22, 2002) -- Nexant, which provides technology solutions and consulting services to energy and petrochemical firms, has received the British International Expertise Award for 2002 for its work in developing ChemSystems Online, a Web-based consultancy platform (www.chemsystemsonline.com). BP Chemicals UK plant uses Honeywell system to minimize downtimeBRUSSELS, Belgium (November 25, 2002) -- BP Chemicals' Hull, UK plant is using Honeywell's @sset.MAX Equipment Health management (EHM) system to improve the maintenance and availability of equipment. Monsanto Company Declares Quarterly DividendST. LOUIS, Sept. 19-- Monsanto Company today announced that its Board of Directors has declared a quarterly dividend on its common stock of 12 cents per share. The dividend is payable on Nov. 1, 2002, to shareowners of record on Oct. 10, 2002. ChemConnect introduces next generation marketplaceHOUSTON, Texas (September 23, 2002) – ChemConnect, an e-marketplace for the chemicals and plastics industry, has introduced a next-generation electronic marketplace with a series of enhancements designed to deliver greater benefits through faster trades and access to broader audiences for buyers and sellers of products such as natural gas liquids (NGLs), aromatics, oxygenates, olefins and related products. Lubrizol Acquires Brose Foam Control BusinessCLEVELAND, Oct. 31 -- The Lubrizol Corporation announced that it has completed the acquisition of Intermountain Specialties, Inc. (d.b.a. Brose Chemical Company). Brose's foam control chemicals are sold to food processing and fermentation customers in North America. Annual sales are approximately $4 million. DuPont Reports Fourth Quarter DividendWILMINGTON, Del., Oct. 30 -- DuPont today declared a fourth quarter common stock dividend of 35 cents per share, payable Dec. 14 to stockholders of record Nov. 15. This dividend is the same as that paid in the third quarter 2002. This is the 393rd consecutive quarterly dividend since the company's first dividend in the fourth quarter of 1904. Agrium: Third Quarter Results Meet Expectations While Industry Outlook ImprovesCALGARY, Alberta--Oct. 29, 2002-- Agrium Inc. announced today that its third quarter net earnings were $1-million (a loss of $0.01 per common share), a significant improvement over the net loss of $17-million (a loss of $0.17 per common share) for the third quarter of 2001. This is consistent with First Call consensus estimates of a loss of $0.01 per share. Vos Logistics taps TranswideTHE NETHERLANDS (October 29, 2002) - Vos Logistics, an asset-based logistics provider, is to gain one-to-many electronic communication following its link to Transwide, a logistics hub based in Europe.
|
|