$8-million incentive for Polycon Industries’ CHP plant in Guelph
June 23, 2016 - Thanks to an $8-million incentive from Guelph Hydro Electric Systems Inc., Magna International Inc.’s Polycon Industries is well on its way to seeing a 8MW, natural-gas fired combined heat and power plant (CHP) become a reality at its Guelph facility.
By Renée Francoeur
The incentive comes from the Save on Energy Process and Systems Upgrades Program, one of several programs funded by Ontario’s Independent Electricity System Operator (IESO) and administered by Guelph Hydro for its industrial and commercial customers.
The CHP plant is expected to reduce Polycon Industries’ typical peak demand load of 12MW by almost 50%, according to Guelph Hydro, and the plant’s annual electricity consumption from the provincial grid by approximately 50,760MW/hrs annually. Waste heat will be used to generate steam and hot water that will then be used in the company’s plastic forming process.
“By investing in a combined heat and power plant that will substantially reduce energy costs, Polycon Industries is helping ensure that Magna maintains its competitive position and makes a positive impact on the communities where we live and work,” said David Gray, Polycon Industries’ general manager.
This CHP plant will be one of the largest cogeneration facilities in southwestern Ontario, added Guelph Hydro.