http://biz.yahoo.com/prnews/061110/dcf016.html?.v=75BIRMINGHAM, Ala., Nov. 10 /PRNewswire/ -- Intrinergy, a leading provider of alternative fuels to industrial customers, and U.S. Pipe and Foundry Co. announced today that Intrinergy will provide clean, renewable synthesis gas to U.S. Pipe for use at its Bessemer and North Birmingham plants.
Under a long-term energy supply agreement, Intrinergy will build, own and operate a state-of-the-art gasification unit at each of the two U.S. Pipe sites to convert into a gas such products as wood waste and shredded plastic automotive parts that would otherwise be buried in landfills. To supply the feedstock, Intrinergy will build, own and operate a materials processing facility at a separate location.
The Intrinergy facilities in Bessemer and North Birmingham are expected to reduce U.S. Pipe's use of fossil fuels and the company's exposure to volatile natural gas prices and supplies.
The Jefferson County Economic and Industrial Development Authority has unanimously authorized an agreement with Intrinergy for the issuance and sale of $25 million to $35 million in limited obligation bonds within the next year.
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