Toray invests in additional cogeneration project

By Jim Johnson
Senior Staff Reporter

Published: August 20, 2013 4:06 pm ET
Updated: August 20, 2013 4:07 pm ET

Related to this story

Topics Packaging, Sustainability, Film & Sheet, Extrusion

Toray Plastics (America) Inc. is a big believer in cogeneration.

So much so that the maker of polyester, polypropylene, metallized and bio-based films is moving forward with a second such project at its North Kingstown, R.I., campus.

Toray Plastics figures to spend $22.7 million to construct a new cogeneration project that will create both electricity and heat from natural gas.

That electricity and thermal energy and heat will be used for production at the company’s Torayfan polypropylene film division as well as the site’s main office building, according to an email interview with a company representative.

Toray Plastics already has a cogeneration system that allows the company to operate a portion of its 70-acre site independent of the local electrical grid. That system supplies power to the firm’s Lumirror polyester film division.

CEO Rick Schloesser said in a statement that cutting energy consumption and reducing the company’s carbon footprint “is good for business, people, and the environment.”

An energy efficiency program through National Grid, an electricity company that serves the site, will help cover a portion of the costs. Toray Plastics declined to specify that funding, indicating it was proprietary information.

PP film is used for a variety of food and industrial applications with the primary market being packaging for snack food, cookie and confectionary products, the company said.

Toray Plastics (America) is a unit of Toray Industries Inc., a $19 billion company with interests in synthetic fibers and textiles, carbon fibers, plastics, chemicals, pharmaceuticals and high-performance films.


Comments

Toray invests in additional cogeneration project

By Jim Johnson
Senior Staff Reporter

Published: August 20, 2013 4:06 pm ET
Updated: August 20, 2013 4:07 pm ET

Post Your Comments


Back to story


More stories

Image

DC banning PS foam containers

July 30, 2014 2:34 pm ET

Washington D.C. Mayor Vincent Gra signed into law on July 29 a bill that will ban polystyrene foam food and drink containers from the District.    More

Image

Sainsbury, Schoeller Allibert to recycle food handling crates

July 30, 2014 1:37 pm ET

British retail group Sainsbury's has contracted Dutch recycler Schoeller Allibert BV to reprocess all of its old food crates back into food-grade...    More

Image

Bankruptcy court confirms GSE reorganization plan

July 29, 2014 4:01 pm ET

The U.S. Bankruptcy Court in Wilmington, Del., has confirmed the reorganization plan for geomembranes maker GSE Environmental Inc.    More

Image

Vinyl siding's lead slips, but industry pushing back

July 29, 2014 2:04 pm ET

Vinyl siding continues to be the top cladding choice for home builders and remodelers but fiber cement is gaining ground — at an alarming rate...    More

Image

Universal Polymer beefing up capabilities through acquisition

July 29, 2014 12:04 pm ET

Universal Polymer & Rubber Ltd. is growing again and adding to its capabilities, this time via another acquisition and a plant expansion.    More

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events