U.S. Steel, SunCoke Energy break ground on venture
May 06, 2008 | 10:10 AM
| Scott Robertson
U.S. Steel Corp., Pittsburgh, and SunCoke Energy Inc. broke ground Monday on a $570-million joint-venture capital investment program that includes the construction of a new coke plant to support U.S. Steel's Granite City (Ill.) Works.
U.S. Steel will contribute $280 million to the venture. Gateway Energy & Coke Co., a wholly owned subsidiary of SunCoke, will construct, own and operate heat-recovery coke ovens as its portion of the venture. The ovens will have an annual coke-making capacity of 650,000 tons.....
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