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Coral Helps Terra Improve Procurement

Coral Helps Terra Improve Procurement

Coral Energy entered into an energy alliance with Terra Industries Inc., an international chemicals company, to increase the energy efficiency of Terra's Blytheville, AR, chemical facility using Coral Site Advantage, Coral's proprietary measurement, benchmarking and energy modeling program. Terms of the arrangement were not released. The program will begin with a comprehensive analysis of energy requirements throughout the chemical complex. This information will be used in the development of a modeling program to establish a benchmark for optimal energy usage. "Energy is the major cost component at each of our manufacturing complexes," said Mike Bennett, executive vice president for Terra. "The first step in that process is determining our precise energy needs, which is a strength of the Coral Energy program. We expect to quickly achieve savings by becoming a more efficient energy user." Once the modeling system is in place, Coral will work with Terra to develop a multi-year energy savings plan, initially focusing on energy utilized within existing plant processes. Coral will receive compensation for its Coral Site Advantage services based upon a portion of Terra's measured energy savings.

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