October 07, 2008

FDS seeking partner for its coke plant in US

It is reported FDS, whose USD 920 million new coking plant soon to be built along the Maumee River near Otter Creek Road of Oregon in Ohio State of US is working on an agreement in principle with another industrial company to take over a major portion of the project.

As per report, FDS has secured the permit for that coking plant and needs a partner experienced in the steel and coking business to take over development and invest money.

Mr Matt Sapara Matt Sapara the development director of TLCPA said that FDS is in the final stages with one company that offers more than money for this project.

He said that "But you also want someone with a strong environmental track record, you want someone with experience in dealing with this facility and someone who has contacts in the steel industry. Those are all significant, and they think they found that partner."

He added that an announcement on this new partner could come tomorrow or early next week.

The FDS Coke Plant is designed to charge of total of 2.058 million tons of coal and produce approximately 1.4 million tons of coke. The plant’s coke oven batteries will be located on a southwest to northeast line within approximately 100 feet of the eastern property line of the Project Site. Coke oven waste gases generated by the coking process are routed to refractory lined tunnels for complete combustion and generation of excess waste heat. Heat recovery steam generators are then used to cool the gases by producing steam. After the HRSGs, the cooled gases are ducted to air pollution controls prior to discharge into the ambient air.