Upper Illinois River Valley Development Authority

Funded Project Profiles

Company: Exolon ESK Co.

Location: Hennepin

Amount of Bond: $13,000,000

Interest Rate: 4.0% floating

Jobs: 90 jobs

Type of Project: Solid Wast Disposal

Bond Issued: December 1996

Project Overview

In December of 1996, the Authority issued $13,000,000 in Taxable and Tax Exempt bonds on behalf of Exolon-ESK Company, a manufacturer of Silicon Carbide, for the purchase and installation of a Dow Chemical Company Sulferox desulfurization plant. The Sulferox plant will remove H2S from Exolon-ESK's by-product waste gas from its Hennepin silicon carbide plant. The H2S (hydrogen sulfide) will be converted by the Process into elemental sulfur. The resulting sulfur-free by-product gas will then be piped to the Illinois Power Hennepin plant for use as a fuel source. The plant will consist of a Particulate cleaning station, Desulfurization units, Compression unit, Dehydration unit and a Gas pipeline to the Illinois Power Hennepin plant. The project will retain 80 employees and add 10 new jobs.

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Company:	Exolon ESK Co.
Location:	Hennepin
Amount of Bond:	$13,000,000
Interest Rate:	4.0% floating
Jobs:	90 jobs
Type of Project:	Solid Wast Disposal
Bond Issued:	December 1996
Project Overview
In December of 1996, the Authority issued $13,000,000 in Taxable and Tax Exempt bonds on behalf of Exolon-ESK Company, a manufacturer of Silicon Carbide, for the purchase and installation of a Dow Chemical Company Sulferox desulfurization plant. The Sulferox plant will remove H2S from Exolon-ESK's by-product waste gas from its Hennepin silicon carbide plant. The H2S (hydrogen sulfide) will be converted by the Process into elemental sulfur. The resulting sulfur-free by-product gas will then be piped to the Illinois Power Hennepin plant for use as a fuel source. The plant will consist of a Particulate cleaning station, Desulfurization units, Compression unit, Dehydration unit and a Gas pipeline to the Illinois Power Hennepin plant. The project will retain 80 employees and add 10 new jobs.