February 11, 2000
Electric Utility Restructuring Weekly Update
Acetex Energy has announced the acquisition of a blast furnace gas fueled cogeneration facility from Air Liquide America Corporation for $60 mill ion. The facility, known as the Energy Center, supplies steam and electricity to Wheeling-Pittsburgh Steel Corporation's facilities in Mingo Junction, Ohio. The Energy Center can supply up to 35 megawatts of electricity and 500,000 pounds of steam for use in steel operations. The plant began operating in mid-1999 and included Acetex Energy employees on its original design team. Wheeling-Pittsburgh Steel Vice President of Engineering, Technology, and Metallurgy Harry Page noted, "By utilizing more efficient equipment and advanced power generation and environmental controls, the Energy Center has substantially reduced emissions to the air of nitrogen oxides, sulfur dioxide, and particulates." The emissions reductions were the result of the closing of Wheeling-Pittsburgh's boiler operations. The Energy Center is designed to maximize the usage of Wheeling-Pittsburgh Steel's blast furnace gas which leads to a major emissions reduction. Acetex Energy President Bill Johnson said, "Acetex Energy is continuing to develop and acquire onsite energy projects based on fuel efficient and environmentally desirable facilities, including utilization of waste gases for energy supply to the steel industry."