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DEPARTMENT OF ENERGY SELECTS CENTERIOR ENERGY, LTV STEEL AND AIR PRODUCTS FOR CLEAN COAL PROJECTS

 CLEVELAND, May 4 /PRNewswire/ -- The United States Department of Energy has selected a project proposed by a team of Centerior Energy, Inc. (NYSE: CX); Air Products and Chemicals, Inc. (NYSE: APD); and LTV Steel Co. for possible future funding under the Clean Coal Technology Demonstration Program, Round V.
 The selected project would demonstrate that U.S. coals, including steam coals and those mined in Ohio, can be used in the COREX process to produce molten iron for steelmaking and generate electrical power in an environmentally acceptable system. The COREX process replaces coke ovens and blast furnaces in the integrated steelmaking plant. Deutsche Voest-Alpine, the owner of the COREX process and the Electric Power Research Institute also are participants in the project.
 The companies said, "We are pleased that our project has cleared the first part of the DOE funding process. We continue to believe that domestic coals can be a reliable source of environmentally acceptable energy, and LTV Steel continues to pursue the COREX process as a potential technological alternative at its Cleveland Works steel plant."
 No project funding or construction can occur until a cooperative agreement is negotiated between the project partners and the DOE; satisfactory financial and economic agreements reached; environmental permits obtained; and other issues resolved. Total cost of the project, including demonstration testing, is estimated to be in excess of $800 million, of which the companies have requested $150 million in DOE funding. Estimated startup date is in 1998 with demonstration testing completed by mid-2001.
 LTV Steel would host the COREX installation, direct the overall project and provide the infrastructure of the fully integrated Cleveland steel complex, and would utilize the molten iron from the COREX process in its steelmaking operations.
 Air Products and Chemicals, Inc. would provide the project's oxygen requirements for coal combustion and operate the power generation plant.
 Centerior Energy, Inc., parent of Cleveland Electric Illuminating Co., the local electric utility, would provide the interface between the COREX unit's generating plant and the utility, and would market the electrical power.
 The Electrical Power Research Institute would evaluate the use of a variety of U.S. coals during the demonstration phase of the project.
 -0- 5/4/93
 /CONTACT: Mark Tomasch of LTV Steel Co., 216-622-4635; Lee Bailey of Centerior Energy, Inc., 216-447-3235; or Greta Campbell of Air Products and Chemicals, Inc., 215-481-4986/


CO: LTV Steel Co.; Centerior Energy, Inc.; Air Products and Chemicals ST: Ohio IN: MNG UTI SU: JVN

KL -- CL018 -- 4557 05/04/93 17:10 EDT
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Publication:PR Newswire
Date:May 4, 1993
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