French power users' consortium formed

Robinson, Simon
May 2006
ICIS Chemical Business;5/22/2006, Vol. 1 Issue 20, p11
Trade Publication
The article reports on the formation of Exeltum, a consortium of large electricity users that includes French chemical companies Air Liquide, Arkema and Rhodia in May 2006. The seven founding members, which also included Alcan, Arcelor, Solvay and the paper group UPM, signed its statutes at the French Industry Ministry, in the presence of industry minister Franç ois Loos. The founding members are mandated to act also in their name to buy user rights to power plants and negotiate drawing rights with the banks, so long as each company signs a contract for power supplies starting at the same date and for the same length of time.


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