Ponca City celebrates Continental Carbon’s $110 M cogeneration investment, jobs ahead
PONCA CITY, Okla. — The large crowd attending Continental Carbon’s October 21st groundbreaking ceremonies for a new $110 million cogeneration facility cheered loudly as the announcement was made by President and CEO Dennis J. Hetu of Houston, the Ponca City News reports.
The new facility will be built behind the company’s existing carbon black manufacturing plant south of Ponca City. The cogen plant will recover energy derived from the production process and convert the energy to electricity. Continental Carbon has operated in Ponca City since 1995.
Hetu said this was largest investment ever by the firm. “This will allow the company to be free from the grid. This is part of the plan for the company to be ‘green.’ The combined systems will allow Continental Carbon to covert waste energy to 29 megawatts of usable energy and further reduce the emission footprint on the environment.”
Hetu said the company’s Ponca City plant is it’s largest and “it is the life blood of the company.” He thanked the local employees and said the investment would secure growth across North America.
READ MORE at Ponca City News by Louise Abercrombie. Courtesy photo.