Stelco cogeneration plan gets Canada funding

Nov 29, 2005 | 06:16 AM | Scott Robertson

The Canadian federal government will contribute Canadian $30 million ($25.7 million) to the cost of Stelco Inc.'s proposed near-term energy cogeneration projects, the Hamilton, Ontario,-based steelmaker said.

The energy cogeneration plan forms part of Stelco's capital expenditure program, which the company said is essential to its ability to remain a viable steel producer in North America.

The federal contribution will be made through Environment Canada's Partnership Fund, an initiative that among other things aims to facilitate project-specific climate-change investment. Stelco said it expects to receive the funding during the first quarter of next year.....





Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results