Global Leader in International Renewable Industry News

posted in:

Primary Energy Recycling announces two-week extension of Cokenergy contract

Tuesday, Feb 04, 2014

OAK BROOK, IL, Feb. 3, 2014 /CNW/ - Primary Energy Recycling Corporation (TSX:PRI), a clean energy company that generates revenue from capturing and recycling recoverable heat and byproduct fuels from industrial processes, today announced a two-week extension of its existing contract with the site host for its Cokenergy project. The extension will expire on February 14, 2014.

The framework for a new long-term contract for Cokenergy is in place and the Company and its site host are working to complete negotiations of definitive documents as opposed to focusing on a letter of intent as originally envisioned.

Primary Energy Recycling will provide further details if and when the definitive agreements are executed.

Cokenergy is an integrated, first-of-its-kind combined heat and power facility that provides electricity, process steam, and environmental services that are integral to the site host's steel-making operations. The facility has capacity to supply up to one-fourth of the site host's total electrical requirements or more than half of its process steam needs.

About Primary Energy Recycling Corporation

Primary Energy Recycling Corporation, headquartered in Oak Brook, Illinois, owns and operates four recycled energy projects and a 50 percent interest in a pulverized coal facility (collectively, the "Projects"). The Projects have a combined electrical generating capacity of 298 megawatts and a combined steam generating capacity of 1.8M lbs/hour. Primary Energy Recycling Corporation creates value for its customers by capturing and recycling waste energy from industrial and electric generation processes and converting it into reliable and economical electricity and thermal energy for resale back to its customers. For more information, please see www.primaryenergy.com.

SOURCE Primary Energy Recycling Corporation

posted in:

Other Renewable News

Intersolar North America strengthens focus on growing energy storage market 23-04-2014
GDF SUEZ Energy Resources NA again donates renewable energy certificates to the Houston Museum of Natural Science in Honor of Earth Day 23-04-2014
3M celebrates 10-year record of EPA ENERGY STAR sustained excellence award 23-04-2014
SolarWorld powers spread of grass-roots community solar purchasing from coast to coast 23-04-2014
Canadian Solar to supply 43MW of solar modules in Japan 23-04-2014
Nice-Pak products and PDI complete largest Rooftop solar array in Rockland County 22-04-2014
Renewable Energy Group achieves one billion gallon milestone 22-04-2014
KYOCERA invests in solar projects valued at $38M with U.S. Light Energy 22-04-2014
InterGen announces agreement with IEnova for the purchase of 50 percent of the first phase of the EnergĂ­a Sierra Juarez wind project 22-04-2014
Southern Company subsidiary and Turner Renewable Energy strengthen renewable portfolio by closing on second California solar plant 22-04-2014