Sid Richardson Carbon Co., Fort Worth, Tex., has purchased TransCanada PipeLines Ltd.’s Alberta-based Cancarb black carbon unit for $160 million (Can.), TransCanada reported. The sale includes Cancarb Ltd., Medicine Hat, Alta., and an associated power plant. It is part of a planned $3 billion sale of noncore assets by TransCanada. Production at the Cancarb unit is 45,000 tonnes/year and waste heat is used by a 47 Mw TransCanada cogeneration power plant adjacent to Cancarb.
By DAVE FLESSNER