Cinergy Solutions Finds Direct Line to Savings; Union Carbide Corporation and Cinergy Solutions Take The Steam Out of Energy Costs.SOUTH CHARLESTON South Charleston, city (1990 pop. 13,645), Kanawha co., W W.Va., on the Kanawha River, in a highly industrialized area; settled 1782, inc. 1917. Machinery, electrical products, chemicals, transportation and dental equipment, and foods are manufactured. , W. Va. -- The Dow Chemical Company's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Union Carbide Union Carbide Corporation (Union Carbide) is one of the oldest chemical and polymers companies in the United States, and currently has more than 3,800 employees. Corporation has engaged Cinergy Solutions to design, build, own, operate and maintain a new steam generating plant to service the South Charleston Technology Park. The new plant will be capable of meeting all the steam and utility services needs for the park and is scheduled for completion in July 2005. Currently, the Technology Park covers 651 acres and houses 381 laboratories with more than 400 researchers and numerous technology related tenants. The new generation facility will be located on-site and will help fuel additional break-through advances in chemical production, manufacturing procedures and leading technologies. The existing steam facility is located at Union Carbide's South Charleston manufacturing site, which is approximately two miles from the Technology Park. "We are proud to partner with an institution that has a long-standing tradition of technological innovation," said Steve Harkness Steve Harkness (born Carlisle, August 27 1971) is a former footballer who played for several clubs, most notably Liverpool. Playing career A defender or midfielder, most comfortable at left-back but able to play in a range of positions, he began his career with his , president of Cinergy Solutions. "By using the combined generation of power and steam, we will increase their site efficiency and provide utility services in a cost effective manner." "Cinergy Solutions was able to find an innovative solution for our energy needs," stated Rob Chadwick, Maintenance Process Leader, West Virginia West Virginia, E central state of the United States. It is bordered by Pennsylvania and Maryland (N), Virginia (E and S), and Kentucky and, across the Ohio R., Ohio (W). Facts and Figures Area, 24,181 sq mi (62,629 sq km). Pop. Operations. "The new facility will be state-of-the-art, offer cost-savings, and allow us to concentrate on our core competencies, which will further enhance our productivity and help improve our competitive position." "We look forward to a long-term relationship with both Dow Chemical and Union Carbide Corporation, working with them to deliver reliable and low-cost energy across their portfolio," concluded Harkness. About Cinergy Solutions Cinergy Solutions, an affiliate of Cinergy Corp. (NYSE NYSE See: New York Stock Exchange :CIN CIN cervical intraepithelial neoplasia. Cervical intraepithelial neoplasia (CIN) A term used to categorize degrees of dysplasia arising in the epithelium, or outer layer, of the cervix. ), one of the largest diversified energy companies in the US, currently manages over 5,350 MWs of power generation and offers a complete range of energy solutions from on-site supply and energy conservation to renewable energy Renewable energy utilizes natural resources such as sunlight, wind, tides and geothermal heat, which are naturally replenished. Renewable energy technologies range from solar power, wind power, and hydroelectricity to biomass and biofuels for transportation. and maintenance of high-voltage electric and gas infrastructure. Cinergy Solutions' award-winning team of energy supply experts specializes in reducing energy costs, lowering emissions, conserving energy and improving efficiency for large energy consumers, municipalities and industrial facilities including Kodak, Procter & Gamble, General Motors and BP. Cinergy Solutions is dedicated to delivering excellence through innovative energy solutions from complete utilities outsourcing to custom design, construction, operation and maintenance of cogeneration and district energy facilities. About Dow Dow is a leader in science and technology, providing innovative chemical, plastic and agricultural products and services to many essential consumer markets. With annual sales of $40 billion, Dow serves customers in 175 countries and a wide range of markets that are vital to human progress: food, transportation, health and medicine, personal and home care, and building and construction, among others. Committed to the principles of sustainable development Sustainable development is a socio-ecological process characterized by the fulfilment of human needs while maintaining the quality of the natural environment indefinitely. The linkage between environment and development was globally recognized in 1980, when the International Union , Dow and its 43,000 employees seek to balance economic, environmental and social responsibilities. References to "Dow" or the "Company" mean The Dow Chemical Company The Dow Chemical Company (NYSE: DOW TYO: 4850 ) is an American multinational corporation headquartered in Midland, Michigan. Overview The Dow Chemical Company is currently the second largest chemical manufacturer in the World (after BASF)[1]. and its consolidated subsidiaries unless otherwise expressly noted. Union Carbide Corporation is a wholly owned subsidiary of The Dow Chemical Company. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion