Ormet has reached a long-term agreement with American Electric Power under which AEP will provide power to Ormet’s Ohio operations. Ormet and AEP have filed the agreement with the Public Utilities Commission of Ohio and the company expects that the PUCO will issue an order putting the agreement into effect within the next few weeks. The power agreement will make possible the restart of all six potlines at Ormet’s Hannibal, Ohio, facility.
Ormet also announced that it is finalizing arrangements to raise $160 million to finance the restart of its potlines. Ormet expects to have two of the six potlines operating as early as January. The four remaining potlines are expected to begin operating within the next six months.
Latest from Recycling Today
- Equipment from the former Alton Steel to be auctioned
- Novelis resumes operations in Greensboro, Georgia
- Interchange 360 to operate alternative collection program under Washington’s RRA
- Waste Pro files brief supporting pause of FMCSA CDL eligibility rule
- Kuraray America receives APR design recognition for EVOH barrier resin
- Tire Industry Project publishes end-of-life tire management guide
- Des Moines project utilizes recycled wind turbine blades
- Charter Next Generation joins US Flexible Film Initiative
