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 Sustainability, Packaging, Extrusion, Film & Sheet

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

Dutch company launching $100 million PP, PE recycling plant

April 18, 2014 10:42 am ET

Quality Circular Polymers is building a new plastics recycling operation in Geleen, the Netherlands' Chemelot industrial chemical site, with a...    More

Spain's Cristian Lay Group buys two materials units of bankrupt LSB

April 17, 2014 11:11 am ET

Spanish industrial conglomerate Cristian Lay Group has purchased two of the bankrupt Spanish PET packaging group La Seda de Barcelona.    More

EU moving closer to rules that will reduce plastic bag use by 80 percent

April 17, 2014 10:54 am ET

European Union countries could have to reduce the use of plastic shopping bags by at least 80 percent by 2019 under draft rules backed by the...    More

Image

Polyair rebuilds from Sandy with help from Process Control

April 16, 2014 4:11 pm ET

Hurricane Sandy gutted Polyair Inter Pack Inc.'s Carlstadt, N.J., plant more than a year ago, and Brian Clawson won't soon forget the devastation.    More

Image

British consumers still want their squeeze bottles when it comes to ketchup

April 16, 2014 10:02 am ET

Research commissioned by the British Plastics Federation's packaging group shows that when it comes to the nation's favorite tomato ketchup, 77 percen...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Automotive Market Review and Outlook 2014 The Americas

This 75-page report features in-depth analysis of the automotive industry for the Americas. It includes discussions of market trends, legislative/regulatory activity impacting production and threats as well as design strategies being implemented by the major automakers. Detailed charts and data tables outline North American automotive production over the last five years.

Learn more

Plastics Building & Construction Market Review and Outlook 2014 with MS Excel chart data

This report provides in-depth analysis of the plastic building and construction market for North America, including discussions of trends, opportunities, threats and the latest developments in construction trends that impact plastics processors.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

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

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events