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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