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Ky. coal plant to use byproduct as fertilizer

Apr. 23, 2013 @ 07:04 AM

Ky. coal plant to use byproduct as fertilizer

LOUISVILLE, Ky. -- Waste products from a coal-fired Louisville power plant will be turned into fertilizer by a new facility that was unveiled Monday.

The announcement by LG&E and Charah Inc. drew Kentucky's Sens. Mitch McConnell and Rand Paul to the Mill Creek Generating Station in southwest Jefferson County.

The $13 million facility at LG&E's plant will use a synthetic form of the mineral gypsum, left over from the process that removes sulfur dioxide from coal-burning emissions. The money for the facility came from a public-private partnership, according to LG&E. Charah says it is the first facility of its kind in the country.

Ohio gas prices shoot back up

COLUMBUS, Ohio -- The big drop in gas prices in Ohio didn't last long.

A gallon of regular gas in Ohio was listed at an average of about $3.65 in Monday's survey from auto club AAA, the Oil Price Information Service and Wright Express. That's 27 cents higher than last Monday's average of $3.38.

The Ohio price this week is 13 cents higher than the national average of $3.52.

The state average is about a dime lower than this time last month, and 6 cents lower than at the same time in 2012.

Analysts say they typically expect to see a spike in gas prices as the summer driving season approaches.

The lowest average price in the state Monday was about $3.58 in Youngstown and Warren.

Caterpillar 1Q profit shrank; cuts '13 outlook

MINNEAPOLIS -- A slowdown in the mining business is digging a hole in Caterpillar's profits.

First-quarter profit shrank 45 percent. Caterpillar lowered its expectations for full year sales and profit because its mining business is slowing. Sales of Caterpillar-branded mining machines will drop by half this year, the company said on Monday.

Caterpillar, based in Peoria, Ill., said mining customers placed big orders for equipment last year, just as mining profits fell, so now those customers are cutting back. Dealers who would normally be stocking up on Caterpillar gear to get ready for a busy summer instead cut inventory during the first quarter.

Caterpillar has already started cutting costs. On April 5 it said it would lay off more than 460 employees at a mining truck plant in Decatur, Ill. Caterpillar also announced mining-related layoffs in Milwaukee and plans to cut 1,300 of 3,400 jobs at a plant near Brussels that makes excavators, loading vehicles, and engine parts.