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Alcoa, China Power Agree to Work on $7.5 Billion of Clean Energy Projects- Bloomberg - 0 views

mobile.bloomberg.com/...nt-with-china-power-investment

ALCOA chinese armory ms Correnti CleanTech Commissioners hydro YADKIN CHINA

shared by Yadkin River on 20 Dec 11 - No Cached
  • The companies may also look at opportunities to collaborate outside China
    • Yadkin River
      Yadkin River on 20 Dec 11
       
      Outside of China - Like in NC?
  • China, the world’s largest polluter, wants non-fossil fuels to contribute 15 percent of its energy needs by 2020. The nation’s incentives to encourage low-carbon generation such as solar and wind power are almost triple those in the U.S., according to a report by the Climate Institute
  • “It’s very difficult for China to buy state of the art technology from the U.S., as there are many restrictions, but clean energy is an area where both U.S. and China love to cooperate,” said Owen Liang, a Shenzhen-based analyst with Guotai Junan Securities Co. “The question is why Alcoa?
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  • Alcoa
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djournal.com - Barbours moving out of Miss Governor s Mansion - 0 views

nems360.com/...-of-Miss--Governor-s-Mansion--

Correnti STEELDEVELOPMENT AmoryMS MonroeCountyMS MonroeJournal davidstickler mansion governor chinese china CleanTech

shared by Yadkin River on 04 Jan 12 - No Cached
  • Barbours moving out of Miss. Governor's Mansion
  • ncoming Gov. Phil Bryant, says there was no word yet on when Bryant and his wife, Deborah, will move into the mansion in the center of downtown Jackson.
  • Yadkin River on 04 Jan 12
     
    Incoming Gov. Phil Bryant, says there was no word yet on when Bryant and his wife, Deborah, will move into the mansion in the center of downtown Jackson. Read more: djournal.com - Barbours moving out of Miss Governor s Mansion
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djournal.com - Amory project among top 15 in country - 0 views

nems360.com/...roject-among-top-15-in-country

Correnti STEELDEVELOPMENT davidstickler MonroeJournal CleanTech governor AmoryMS chinese MonroeCountyMS

shared by Yadkin River on 04 Jan 12 - No Cached
  • Amory project among top 15 in country* Steel Development Corp. is building a $200 million plant that will employ 150 workers.By CHRIS WILSONMonroe Journal
  • Trade amp& Industry Development magazine has named Amory's steel mill project one of the top 15 projects in the country.
  • community-transforming
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  • "But the current situation has not cooled our enthusiasm- or that of our equity capital investors - for our business model
  • Amory Mayor Howard Boozer has said "I don't think people have begun to fathom the impact this project will have on Amory, Mississippi."
  • Boozer said getting the steel mill project in Amory was the result of a lot of "blood, sweat and tears" from a lot of people. "I said then that failure was not an option.
  • Yadkin River on 04 Jan 12
     
    Dashed Hopes
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Steel chief hits out at US-China plant critics - FT.com - 0 views

www.ft.com/...59-11df-a860-00144feab49a.html

Correnti steel CleanTech hydro china chinese Investors

shared by Yadkin River on 04 Jan 12 - No Cached
  • plan to build a steel plant in the US partly funded by one of China’s biggest steel companies has hit out at his critics, saying that objections to the scheme are a “ploy” by established US companies to block fair competition.
  • John Correnti, chief executive and part owner of Steel Development, which intends to construct a $168m plant in Amory, Mississippi, with the aid of investment by state-owned Anshan Iron & Steel, dismissed as “ludicrous” a claim by a group of US congressmen that the involvement of a Chinese company could potentially damage US national security.
  • Mr Correnti’s project in Mississippi – which he says is part of a bigger $2bn scheme to build a total of four steel plants in undisclosed locations US-wide – comes at a difficult time for the country’s steel industry which was severely affected by the 2008-09 economic crisis and is recovering only slowly.
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  • It also exacerbates tensions between the US and China.
  • Parts of the US business community are concerned at what they regard as a “mercantilist” approach to industry by Beijing, under which the country is said to use levers such as the undervalued renminbi to help Chinese companies.
  • Tom Danjczek, president of the Steel Manufacturers Association, a trade group, which represents most of the large mini-mill companies, said his members “particularly objected” to the presence in Mr Correnti’s investment group of Anshan. That was on the grounds that the company benefited from Beijing’s assistance, in the form “of easy access to government loans and an artificially low currency”. State-owned Anshan benefited from such government help in a way that was denied to its competitors in the US, he said. In a letter sent in July to Tim Geithner, US Treasury secretary, a group of Congressmen representing steel producing districts claimed the planned involvement of Anshan in the Amory project could threaten US national security.
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Steel companies braced for price falls - FT.com - 0 views

www.ft.com/...66-11e0-931e-00144feab49a.html

Correnti steel CleanTech china chinese yadkin

shared by Yadkin River on 04 Jan 12 - No Cached
  • October 9, 2011 2:46 pm
  • The steel industry faces tough times with companies braced for falling prices as buyers delay orders because of extreme nervousness about global economic weakness.
  • China. The country has been the chief locomotive in driving up the expansion of the global industry.
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  • aid he foresaw the turbulence spilling over into 2012 – a year he said was likely to be marked by “short-term economic and financial issues impacting long-term economic sustainability”.
  • According to a survey for the Financial Times by six industry experts, growth in world steel shipments is set to slow to 4.9 per cent next year after a likely 6.6 per cent this year.
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Senator: Solar company on Miss. session agenda - The Dispatch - 0 views

www.cdispatch.com/...article.asp

CleanTech miss ColumbusCO

shared by Yadkin River on 23 Dec 11 - No Cached
  • open a manufacturing plant that would create 900 jobs.
  • Brown told the AP that the new jobs could pay $40,000 to $50,000 a year. He said he didn''t know what kind of incentives the state will offer.
  • The state issues bonds as long-term debt to finance big projects such as construction or repair of highways or public buildings, or to provide incentives to lure companies to Mississippi. After legislators authorize bond debt, bonds are issued by the state Bond Commission, made up of the governor, the state treasurer and the attorney general.
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Senator: Correnti made solar deal more attractive - The Dispatch - 0 views

www.cdispatch.com/...article.asp

CleanTech power

shared by Yadkin River on 23 Dec 11 - No Cached
  • Earlier in the month, Gov. Haley Barbour pushed forward with a $75.25 million incentive package to bring Calisolar, a solar silicon company, to the old section of the Industrial Park
  • The project, expected to begin this fall or early next year, promises to bring 951 jobs to the a
  • the work Lowndes County officials have put into the Industrial Park made it an attractive choice, namely the ready ability to provide the 170 MW of power the company will require each day.
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  • that if the company fails, at least Lowndes County will own the building and equipment.
  • As part of the incentive agreement, Calisolar will receive a $59.5 million loan to construct the building and purchase equipment, with the county retaining ownership and leasing to them. The state is also providing $15.75 million for infrastructure and workforce training.
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Link leader elaborates on new solar-silicon company - The Dispatch - 0 views

www.cdispatch.com/...article.asp

CleanTech ColumbusCO Mississippi Joe Higgins

shared by Yadkin River on 23 Dec 11 - No Cached
  • Yadkin River on 23 Dec 11
     
    Look for this to be Clean-Tech as Well -- or more likely, at the beginning of next year, to build the 1 million-square-foot facility. It will be located east of Industrial Park Road, on 258 acres directly behind Mitchell Beer Distributing in the industrial park and will take a year-and-a-half to two years to build.
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State lawmakers approve Calisolar incentives package - The Dispatch - 0 views

www.cdispatch.com/...article.asp

CleanTech columbus Correnti Mississippi

shared by Yadkin River on 23 Dec 11 - No Cached
  • John T. Correnti, former CEO of SeverCorr (now Severstal) of Columbus, has served as chairman of the company''s board of directors since 2010 and reportedly has maintained close ties with Mississippi. The company has been in negotiations with Ohio officials since April, but the deal fell through in July when company representatives told the Mansfield News Journal in Mansfield, Ohio, that they were unable to meet a September construction deadline to qualify for a $275 million federal loan guarantee. Higgins said Lowndes County''s ability to meet Calisolar''s high power needs (nearly 170 MW of power, or roughly 40 MW more than the entire city of Columbus), along with Mississippi''s status as a right-to-work (non-union) state and the willingness of legislators to pass an attractive incentive package, may have tipped the balance in the Magnolia State''s favor.
  • "The reason we''re coming here, and I''m going to be frank, is the Mississippi farm boys and the farm girls," Correnti said, according to The AP. "I wouldn''t trade a Mississippi farm boy or farm girl for any Russian, Chinese, Japanese, Mexican, South American.
  • AP reports that details of Mississippi''s incentive package include a $59.5 million loan for the building and equipment, with Lowndes County retaining ownership of the building and leasing it to them. The state is also providing $15.75 million for infrastructure and workforce training.
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  • According to the U.S. Bureau of Labor Statistics, the state''s unemployment rate was 11.1 percent for July, and Lowndes County''s unemployment rate was 12.4 percent. The national unemployment rate is 9.1 percent, or approximately 14 million people.
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Solar company to create 951 jobs in Golden Triangle - The Dispatch - 0 views

www.cdispatch.com/...article.asp

shared by Yadkin River on 23 Dec 11 - No Cached
  • which plans to locate in the Lowndes County industrial park. State Sen. Terry Brown, R-Columbus, told The Associated Press that the new jobs could pay between $40,000 and $50,000 per year.
  • An additional $100 million package is being considered for HCL CleanTech, a bio-technology company, which plans to build its headquarters in Olive Branch and construct a research and development center in Grenada. Three additional plants would be located in Booneville, Hattiesburg and Natchez. That project would create 800 jobs with an average salary of $67,000 plus benefits.
    • Yadkin River
      Yadkin River on 23 Dec 11
       
      Always wondered about the Clean Tech and NC reference
  • The Link has been in talks with Calisolar since Aug. 27, 2010
  • ...3 more annotations...
  • east of Industrial Park Road, directly behind Mitchell Beer Distributing, on 250-260 acres, said Joe Higgins, CEO of the Columbus-Lowndes Development Link
  • The facility will use around 170 MW of power, about 40 MW more than the entire city of Columbus. In comparison, Severstal uses about three times the entire city.
  • Higgins said the plant will take about a year and a half to build and will have "a tremendous impact
  • Yadkin River on 23 Dec 11
     
    clean tech
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