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

Investment firm buys Ontario cap molder

October 23, 2014 2:01 pm ET

A company whose varied interests include food and refrigerated transportation businesses is now moving into plastic caps.    More

Image

FTC warns bag makers to take care before making biodegradeability claims

October 23, 2014 12:30 pm ET

Makers of oxodegradable or oxo-biodegradable plastic bags should consider themselves on notice, according to the U.S. Federal Trade Commission.    More

Image

Bemis reports record quarterly profit

October 23, 2014 1:06 pm ET

Bemis Company Inc. saw record per-share earnings from continuing operations during the third quarter, but charges associated with the divestiture of...    More

Image

Geist Plastics changes name to Lincoln Plastics

October 23, 2014 12:31 pm ET

Custom profile extruder Geist Plastics Inc. is changing its name to Lincoln Plastics, the company announced Oct. 23.    More

Image

Packaging specialist Amcor hits sustainability goals ahead of schedule

October 23, 2014 11:15 am ET

Global packaging company Amcor Ltd. has achieved its waste reduction goals two years ahead of schedule, according to the company's new sustainability ...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

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

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

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events