Illinois-based Power Recycler Announces W.Va. Project
ALLOY, W.Va. — An Illinois-based industrial power developer has picked a West Virginia silicon plant for an energy recycling project.
The project will use exhaust gases to produce about a third of the plant’s electrical needs.
The project is Recycled Energy Development’s first and is expected to produce between 40 and 44 megawatts of electricity for the West Virginia Alloy plant in Fayette County. The project is expected to cost $45 million to $55 million and be completed in 2010.
Recycled Energy Development is based in the Chicago suburb of Westmont. It announced in November that Denham Capital Management had agreed to invest up to $1.5 billion in its recycling projects.
West Virginia Alloy uses electric arc furnaces to produce silicon.