E-Newsletter - A Publication of Interstate Resources

Thursday, July 23, 2009

United Corrstack Project Set for Completion this Summer

Interstate Resources News homepage: http://news.interstateresources.com  

WFMZ-69 News

Posted: 03-26-2009 01:01 PM ET
Modified: 07-23-2009 02:17 AM ET

One Reading company refuses to gamble with energy costs. Instead, WFMZ's Melissa Batulis shows us how they're taking matters into their own hands.

Reporter: At United Corrstack in Reading...their primary business is paper.

David Stauffer: 25% of the total cost to manufacture paper is energy.

Reporter: United Corrstack General Manager David Stauffer says energy is also the reason many paper companies have cited for shutting down over the past couple years. So with the pending expiration of rate caps on power companies, United Corrstack decided to build its own power plant.

David Stauffer: This way we'll be able to provide both steam, which is one of our primary needs, and also electricity.

Reporter: The company broke ground on Evergreen Community Power in 2007...and the plant should be up and running by fall. Total cost...135 million dollars. How quickly the company makes that money back will, in part, depend on the up and down cost of fuel.

David Stauffer: Our company philosophy is that we're in this for the long haul. So, we know that it's cyclical and in general even though it's cycling, we know that the curve is going up.

Stand Up: Not only is this project intended to be a money saver. The folks at United Corrstack are hoping this will be a money maker. By building this to control their own energy, it sets the company up for expansion.

David Stauffer: We're talking about a significant increase in jobs, a paper machine that would be at least twice as large as the one we currently have.

Reporter: But this paper company will also be selling something a little less tangible.

David Stauffer: We'll be able not only to provide our own power, but get a revenue stream in from the sale of electricity as well.

Reporter: And on top of that...Stauffer says this energy operation is green...replacing fossil fuels with biofuels.

Stauffer: Almost all of that fuel, which will also come from a local supplier here in Berks County, has been destined to...it's on its way to a landfill.

Reporter: It's trash into treasure for this company...and hopefully proactive thinking that will provide a silver lining to the cloudy future of energy costs.

David Stauffer: We knew that that was coming.

Interstate Container is a member of Interstate Resources, Inc., member of INDEVCO Group.

Reporter: In Reading, Melissa Batulis, 69 News Berks Edition.

Company Informati

720 Laurel Street
Reading, Pennsylvania 19602 USA
Telephone: 610-374-3000
Fax: 610-376-8215


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