Ashland invests $15 mn build heat recovery steam generators

Ashland invests $15 mn to build heat recovery steam generators

10:27 AM, 31st January 2013
Ashland invests $15 mn to build heat recovery steam generators
James J O’Brien, Chairman and CEO, Ashland.

COVINGTON, US: Ashland Inc will invest approximately $15 million to build three new heat recovery steam generators at its production facility in Calvert City, Kentucky, US. Construction of the high-efficiency generators is expected to begin in March 2013. When completed in 2014, the generators will reduce emissions, improve the plant’s operating efficiency and help retain 500 full-time positions.

The Kentucky Economic Development Finance Authority has approved Ashland for $5.5 million in tax incentives through the Kentucky Reinvestment Act. The programme is designed to assist companies that need to make significant capital investment in Kentucky facilities in order to remain competitive and to retain existing workforces. Ashland plans to install three new heat recovery steam generators. These generators would replace an aging and inefficient coal-fired boiler, as well as two existing gas-fired boilers that are nearing the end of their usefulness. The new generators could eventually be combined with turbine/generator sets that together would serve as a co-generation system for electricity.

“The addition of these gas-fired boilers will dramatically improve the operating efficiency of our Calvert City facility and help us compete more effectively on a global scale. Calvert City will play an important role in Ashland’s growth, particularly as we expand our presence in personal care products. We are grateful for the support of Gov Beshear and his Cabinet in this important investment in our workforce and in Kentucky’s future,” said James J O’Brien, Chairman and CEO, Ashland.  

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