Iron Ore moves to reduce thermal costs in Labrador City
February 13, 2019 – The Iron Ore Company of Canada has undertaken a process integration (PI) study at its facilities in Labrador City, N.L., to identify measures to reduce its total thermal energy consumption, thus reducing its costs.
Natural Resources Canada (NRCan) invested $40,000 in the study. Facilitated by NRCan’s Canadian Industry Partnership for Energy Conservation (CIPEC), it looked into how heat was being used, how it could be recovered and how it could best be put to reuse in the mining company’s facilities.
“In partnership with NRCan, we have been able to understand where our efficiency gaps lie in the process operation,” explains Clayton Walker, Iron Ore’s president and CEO. “We have started working on these identified initiatives, which will be not only good for the environment, but also good for business.”
CIPEC assistance can help hire technical firms to perform PI studies, which are typically for facilities with complex energy systems, using many heat exchangers and consuming more than 75,000 gigajoules per year.