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Chesapeake Utilities Corporation Commences Operation of Eight Flags Energy combined heat and power Plant
AMELIA ISLAND, Fla.,
The CHP plant began generating electricity in June and began producing steam in July. Rayonier Performance Fibers ("Rayonier"), a subsidiary of Rayonier Advanced Materials, is buying the steam for use in its cellulose specialties production facility, a pulp and paper mill. Capturing the thermal energy improves overall efficiency, generates savings and provides environmental benefits.
The CHP plant generates approximately 20 MW of base load power, producing enough electricity to meet 50 percent of
"We're happy to report that the Eight Flags Energy CHP Plant is officially in service, providing opportunities across our business units to deliver more value to our customers and shareholders," said
The Eight Flags Energy CHP Plant operates with a Solar Turbines Titan 250 gas turbine generator set coupled with a Rentech heat recovery steam generator. CR Meyer led the construction of the facility, which took approximately 115,000 hours and employed nearly 100 workers. The plant's operations also yielded several new, full-time jobs.
"The Eight Flags Energy CHP Plant project was well executed on all fronts," added
The plant is expected to generate
About Rayonier Advanced Materials, Inc.
Rayonier Advanced Materials, Inc. is the leading global supplier of high-purity, cellulose specialties products, a natural polymer for the chemical industry. Working closely with its customers, the company engineers natural polymeric chemical chains to create dozens of customized high-purity performance fibers at its plants in
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Cautionary Note Regarding Forward-Looking Statements: Statements in this release that are not historical are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "expect," "likely," "outlook," "forecast," "would," "could," "should," "can," "will," "project," "intend," "plan," "goal," "target," "continue," "sustain," "believe," "seek," "estimate," "anticipate," "may," "possible," "assume," variations of such words and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that could cause actual results to vary materially from those indicated, including the factors described in Item 1A (Risk Factors) of our most recent Annual Report on Form 10-K
and Quarterly Report on Form 10-Q, each of which is incorporated herein by reference, and in other documents that we file or furnish with the
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Senior Vice President and Chief Financial Officer
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