300750 Contemporary Amperex Technology (A)

DGAP-News: Costa Rica Turns to Chromalox to Further Decarbonization

DGAP-News: Chromalox / Key word(s): Miscellaneous
Costa Rica Turns to Chromalox to Further Decarbonization

06.11.2019 / 18:26
The issuer is solely responsible for the content of this announcement.


Pittsburgh, Pennsylvania--(Newsfile Corp. - November 6, 2019) - In the wake of the 2019 United Nations Climate Summit and being awarded the 2019 Champions of the Earth Award by the United Nations Environment Programme (UNEP), the Costa Rican Institute of Electricity (ICE) has recognized as the preferred partner for utilizing its renewable energy for carbon-free industrial steam and heating applications. On Oct. 24, 2019, Chromalox, in conjunction with the ICE, CFS, and Spirax Sarco, finalized the partnership to utilize electric heating as part of the plan to "decarbonize" the country by 2050. Earlier this year, Costa Rica announced an economy-wide plan to generate 100% of its power from renewable sources.

Figure 1: Sr. Marco Acuña, Director Corporativo de Energia, ICE

To view an enhanced version of this graphic, please visit:


Last week's event brought together Costa Rica's largest industrial steam and heat users to hear Chromalox present on their electric heating technology, specifically DirectConnectTM medium voltage, and teach about the advantages of electric heating over fuel-fired sources. Chromalox's parent company Spirax Sarco also presented on their expertise in steam management and role in Costa Rican steam usage and maintenance. The transition to an electric mobility economy as a part of the nation's decarbonization efforts was also discussed.

The majority of industrial steam and heat currently used in commercial and industrial facilities is generated from burning fossil fuels. Zero-emission steam and heat production provides a critical pathway towards eliminating the nation's emissions over time. For a country that is aiming to run on 100% renewable power, the logical step is to use electricity, and in particular, to leverage DirectConnectTM medium voltage heating technology for large industrial applications.

"Chromalox is proud to be part of a movement towards a zero-carbon footprint for Costa Rica," said Christopher Molnar, Vice President of Global Product Marketing and Engineering for Chromalox. "Costa Rica is a global leader in advancing the charge towards a sustainable future. The work we are doing in partnership with both public entities and private industry in Costa Rica paves the way for other nations to follow."

ABOUT CHROMALOX

Chromalox is a thermal technology company. We engineer thermal solutions for the world's toughest industrial heating applications. Our Heat Trace segment delivers temperature management solutions for piping systems, valves, and tanks. Our Industrial Heaters and Systems segment delivers process heating solutions for revenue-generating industrial processes, and our Component Technologies segment delivers component heating solutions for industrial equipment manufacturers. Chromalox was founded in 1917 and is headquartered in Pittsburgh, PA, USA.

###

Media Contact:

Julia Weiskopf
Smith Brothers Agency
412-359-7242

Related Files

Related Images


Sr. Marco Acuña, Director Corporativo de Energia, ICE
Sr. Marco Acuña, Director Corporativo de Energia, ICE

Related Links

To view the source version of this press release, please visit

169

Click on, or paste the following link into your web browser,to view the associated documents /release/49479
News Source: Newsfile


06.11.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at


Language: English
Company: Chromalox
United States
EQS News ID: 906657

 
End of News DGAP News Service

906657  06.11.2019 

fncls.ssp?fn=show_t_gif&application_id=906657&application_name=news&site_id=research_pool
EN
06/11/2019

Underlying

300750Contemporary Amperex Technology (A)

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Contemporary Amperex Technology (A)

 PRESS RELEASE

DGAP-News: ADL Bionatur Solutions Wins New Fermentation Client With Co...

DGAP-News: ADL Bionatur Solutions / Key word(s): Agreement ADL Bionatur Solutions Wins New Fermentation Client With Contract Revenues of EUR 20 Million 02.12.2019 / 09:06 The issuer is solely responsible for the content of this announcement. ADL BIONATUR SOLUTIONS WINS NEW FERMENTATION CLIENT WITH CONTRACT REVENUES OF EUR 20 MILLION The agreement with a leading Swiss biotech company includes technology transfer, upscaling and industrial-scale production of high value-added innovative ingredients for the cosmetics and nutrition industry ADL to apply its expertise in a...

 PRESS RELEASE

Admission of Security to Trading

NEX Exchange (NEXX) Admission of Security to Trading 02-Dec-2019 / 07:30 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. The following security will be admitted to trading on the NEX Exchange Growth Market with effect from 08:00, 02/12/2019. Name of Issuer: Dozens Savings Plc 5.00% Secured Bonds due 2 December 2020 ISIN: GB00BL1GTZ11  Symbol: DS04 EMS: 1 The Regulation Department NEX Exchange London Fruit & Wool Exchange 1 Duval Square London E1 6PW Tel: 020 7858 1655 Email:   W...

 PRESS RELEASE

Admission of Security to Trading

NEX Exchange (NEXX) Admission of Security to Trading 02-Dec-2019 / 07:30 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. The following security will be admitted to trading on the NEX Exchange Growth Market with effect from 08:00, 02/12/2019. Name of Issuer: SAPO PLC Ordinary Shares of GBP 0.01 ISIN: GB00B16GQJ90 Symbol: SAPO EMS: 5000 The Regulation Department NEX Exchange London Fruit & Wool Exchange 1 Duval Square London E1 6PW Tel: 020 7858 1655 Email:   Website: ...

 PRESS RELEASE

EQS-News: LIWET HOLDING AG publishes open letter to Dr. Martin Haefner...

EQS Group-News: Dynamics Group AG / Key word(s): Statement/Corporate Action LIWET HOLDING AG publishes open letter to Dr. Martin Haefner in various Swiss Sunday newspapers 01.12.2019 / 05:59 Open letter to Dr. Martin Haefner Dear Mr Haefner We share your concern about the future of Schmolz+Bickenbach (S+B). The company urgently needs money, everyone - including Liwet - agrees. However, there is still time to find a constructive solution for S+B that is in the interest of all, not only one particular shareholder. Liwet is ready to rescue the company and the 10,000 jobs. Liw...

 PRESS RELEASE

EQS-News: LIWET HOLDING AG publiziert offenen Brief an Dr. Martin Haef...

EQS Group-News: Dynamics Group AG / Schlagwort(e): Stellungnahme/Kapitalmaßnahme LIWET HOLDING AG publiziert offenen Brief an Dr. Martin Haefner in verschiedenen Schweizer Sonntagszeitungen 01.12.2019 / 05:59 Offener Brief an Dr. Martin Haefner Sehr geehrter Herr Haefner Wir teilen Ihre Sorge um die Zukunft von Schmolz+Bickenbach (S+B). Die Firma braucht dringend Geld; damit sind alle - auch Liwet - einverstanden. Noch bleibt Zeit, um eine konstruktive Lösung für S+B zu finden, die im Interesse aller Aktionäre ist, nicht nur eines einzigen. Liwet steht bereit, die Fir...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch