Efficiency

Coral Energy entered into an energy alliance with TerraIndustries Inc., an international chemicals company, to increasethe energy efficiency of Terra’s Blytheville, AR, chemical facilityusing Coral Site Advantage, Coral’s proprietary measurement,benchmarking and energy modeling program. Terms of the arrangementwere not released. The program will begin with a comprehensiveanalysis of energy requirements throughout the chemical complex.This information will be used in the development of a modelingprogram to establish a benchmark for optimal energy usage. “Energyis the major cost component at each of our manufacturingcomplexes,” said Mike Bennett, executive vice president for Terra.”The first step in that process is determining our precise energyneeds, which is a strength of the Coral Energy program. We expectto quickly achieve savings by becoming a more efficient energyuser.” Once the modeling system is in place, Coral will work withTerra to develop a multi-year energy savings plan, initiallyfocusing on energy utilized within existing plant processes. Coralwill receive compensation for its Coral Site Advantage servicesbased upon a portion of Terra’s measured energy savings.