The new system, which is expected to be operational by March 2014, will be dedicated to powering production for the Torayfan polypropylene film division and other sites around the property. It will dramatically reduce Toray's demand on the supply of electricity to nearby Rhode Island communities, particularly during peak periods in the summer months. In addition, the company estimates that the new system, like the current unit, will eliminate approximately 12,500 tons of CO2 per year, for a total reduction of 25,000 tons. Toray's sustainability initiative, begun in 2004, includes the use of solar power, zero landfill, and extensive recycling, among other features.
"Toray has a legacy of innovation and commitment to sustainability, as demonstrated by our product development and operations," says Rick Schloesser, president and CEO, Toray Plastics America. "Our taking action to reduce further our energy consumption and carbon footprint is good for business, people, and the environment. Our global customers value our focus on producing the highest-quality high-performance, competitively-priced OPP and PET films and our comprehensive sustainability initiative."
Toray has earmarked $22.7 million for the development of the new system, including funds from National Grid's Energy Efficiency Program, developed in collaboration with the state of Rhode Island. The company's decision to build a new cogeneration unit is supported by the Rhode Island Public Utilities Commission, National Grid, which supplies 100 percent of the electricity distributed to Toray beyond Toray's own cogenerated electricity, Rhode Island's Governor Lincoln D. Chafee, M. Teresa Paiva Weed, the Senate President, and Gordon D. Fox, the House Speaker. Toray calculates that the project will generate 150,000 hours of construction labor. This investment follows Toray's recent $15 million investment in new coating equipment.