GDF SUEZ Energy Resources Renews Agreement Supporting Gulf Chemical & Metallurgical Corporation's Commitment To Environmental Responsibility

May 20, 2015, 05:05 ET from GDF SUEZ Energy Resources NA

HOUSTON, May 20, 2015 /PRNewswire/ -- GDF SUEZ Energy Resources announced today that it is continuing its support of Gulf Chemical & Metallurgical Corporation's (GCMC) commitment to environmental stewardship by renewing its energy agreement through early 2017. Under the agreement, GDF SUEZ Energy Resources provides Renewable Energy Certificates (RECs) and peak load curtailment services for the company's Freeport recycling facility. GCMC is the world's leading recycler of spent petroleum refinery catalysts.

The contract reflects GCMC's long-standing focus on sustainability. In addition to this energy agreement, GCMC engages in a range of other programs aimed at continuous improvement in resource conservation, waste minimization, and pollution prevention. 

Under the renewed agreement, GCMC will offset 10 percent of its electricity consumption with Green-e® Certified RECs provided by GDF SUEZ Energy Resources. Each REC represents the environmental attributes of, or benefits associated with, a specific quantity of energy generated from a renewable source, such as solar or wind. GDF SUEZ Energy Resources will also continue to provide GCMC with ERCOT price and peak load alert services at no cost to support the company's strategy of curtailing usage during periods of high consumption to decrease demand on the grid.     

GCMC Chief Executive Officer and President Eric Caridroit said, "GDF SUEZ Energy Resources understands what it takes to be a true business ally. They have demonstrated their dedication to going beyond pricing transparency and reliability to deliver a level of value and service that sets them apart from their competitors. 

"GCMC's commitment to environmentally responsible operations is paramount and a core part of our business. As an Environmental Service Company, we look for sustainable solutions in all aspects of operations, including energy consumption. This agreement is one of the many ways we're 'walking the talk.'" 

Sam Henry, President and CEO of GDF SUEZ Energy Resources, added, "Our in-house energy experts take great pride in helping commercial and industrial customers build energy management plans that effectively balance environmental priorities with budget requirements and organizational goals. We're honored to continue our support of GCMC and are pleased with the confidence they have shown in us by renewing our agreement." 

Bruce Craig, President of Ascentergy Corporation and GCMC's consultant, agreed with Caridroit, saying, "GDF SUEZ Energy Resources has continued to perform as an excellent retail provider of electricity and associated energy products, and has proven to be a valuable resource to GCMC."

The RECs provided by GDF SUEZ Energy Resources will have a measurable impact on greenhouse gas emissions. According to a calculator from the Environmental Protection Agency, the RECs are the equivalent to the carbon sequestered by 124,544 tree seedlings grown for 10 years, removing about 4,857 metric tons of CO2 from the atmosphere or displacing the estimated annual greenhouse gas emissions of 1,023 passenger vehicles.

About GCMC
GCMC, which has served the oil refinery industry since 1946, is the world's largest recycler of spent petroleum catalysts and a leading producer of ferroalloys. The company is the only processor that uses a hydrometallurgical operation to produce the pure oxides of molybdenum and vanadium, as well as a pyrometallurgical operation to produce high-quality metallic alloys and alumina products.  These unique patented operations give GCMC superior flexibility in optimizing the metal values contained in spent catalysts, avoiding the deposit of billions of pounds of spent catalyst in landfills and providing the ability to mine an equivalent volume of recovered strategic metals. For more information, visit http://www.eramet-gulf.com/.

About GDF SUEZ Energy Resources NA
GDF SUEZ Energy Resources NA is one of the largest non-residential retail electricity suppliers in the U.S. and currently serves commercial, industrial, and institutional customers in 12 markets: Delaware, Texas, Massachusetts, Maine, Maryland, New York, New Jersey, Pennsylvania, Illinois, Connecticut, Ohio, and Washington, D.C. The company serves over 60,000 accounts for customers having a peak demand ranging from 50 KW to more than 200 MW, with an estimated peak load totaling nearly 10,000 MW. The company offers electricity service to residential and small business customers under the brand Think Energy™.

For more about GDF SUEZ Energy Resources, visit www.gdfsuezenergyresources.com or call 1-866-999-8374. Follow GDF SUEZ Energy Resources on LinkedIn, Twitter: @GDFSUEZEnergy, and Facebook. GDF SUEZ Energy Resources is a subsidiary of GDF SUEZ Energy North America, which manages a range of energy businesses in the U.S., Mexico, and Canada, including electricity generation and cogeneration, natural gas and liquefied natural gas (LNG) distribution and sales, and retail energy sales and related services to commercial and industrial customers. GDF SUEZ Energy North America is a part of the international energy group GDF SUEZ. For more information, please visit www.gdfsuezna.com and @gdfsuezna.

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