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Marina Energy To Build and Provide Operations Management Support to Johnson-Matthey Cogen Plant
FOLSOM, N.J. -- South Jersey Industries,(NYSE:SJI),the energy holding company for South Jersey Gas and South Jersey Energy, announced that its wholly owned subsidiary, Marina Energy LLC has signed an agreement to design and build a cogeneration plant and a 3-year agreement to provide operations management support to the plant at Johnson Matthey in West Deptford. The cogen plant will produce six megawatts of electricity and 10,000 lb/hrs. of steam. In addition, a 1200 horsepower boiler will be installed. The equipment is designed to meet the growing needs of Johnson Matthey's West Deptford facility. The operating efficiencies of the cogen plant will save Johnson Matthey about 25% per year in energy related costs. The plant will cost about $9 million and will be operational in 2003.
Marina develops and operates energy
related projects in southern New Jersey. Marina's initial project, the development
of a facility to provide cooling, heating and hot water to The Borgata Resort
in Atlantic City, is currently in start up.
Cogeneration is the joint production
of two or more forms of useful energy from one fuel-burning installation. In
the case of Johnson Matthey, the excess heat used in creating electricity will
be used to make steam. Cogeneration is appropriate wherever facilities with
substantial energy requirements for both heat and electricity are located close
to each other.
South Jersey Industries is an energy
services holding company for South Jersey Gas, South Jersey Energy, Marina Energy
LLC and South Jersey Resources Group,LLC. Visit www.sjindustries.com
for more information about SJI and its subsidiaries.
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