COMMODITY / ENERGY BRIEFS

COMMODITY / ENERGY BRIEFS

CATERPILLAR UNIT WINS

DOE TURBINE CONTRACT

SACRAMENTO, Calif. - The U.S. Department of Energy has awarded Solar Turbines Inc., a unit of Caterpillar Inc., a $67 million contract to develop an advanced natural-gas turbine system, California Gov. Pete Wilson said.

Solar Turbines, the world's largest manufacturer of industrial gas turbines, said it expects its system to be 50 percent more efficient, reduce exhaust emissions by 75 percent and reduce user operating costs by 10 percent over today's turbines.

The San Diego-based company will hire design engineers immediately. The buildup of several thousand jobs will begin in direct support and secondary service markets in California once production of the turbine systems is launched in the next five years, Gov. Wilson's office said.

IMCO RECYCLING ENTERS

GERMAN JOINT VENTURE

NEW YORK - Imco Recycling Inc. and VAW Aluminium AG of Germany said they are forming a new joint venture company to be named VAW-Imco GuB and Recycling GmbH. Financial terms were not disclosed.

Each party will take a 50 percent stake in the new firm, which will operate two existing aluminum recycling and foundry alloy facilities at Grevenbroich and Togging, Germany.

Most of the metal produced at these plants is supplied to the European automotive industry.

The joint venture is expected to begin operating in January, will employ 265 people and have annual revenues of around $250 million.

Imco said the German venture and its planned purchase of Metal Mark Inc. of Indianapolis at the end of the month would raise its effective 1996 capacity to 1.70 billion pounds, 70 percent above the 1994 level of 1.0 billion pounds.

VAW Aluminum is a subsidiary of Munich-based Viag AG, and Imco is based in Irving, Texas.

COLOMBIA OFFERS REWARD

TO THWART GUERRILLAS

BOGOTA, Colombia - The Colombian Army is offering a $200 reward for information leading to the thwarting of any guerrilla attack on the Cano Limon-Covenas crude pipeline, army officials announced last week.

The Army also offered a $12,000 reward for information leading to the capture of guerrilla group leaders in the area of petroleum installations in the eastern plains.

The Cano Limon oil field operated by Occidental Petroleum as well as the Cusiana field operated by British Petroleum are located in the eastern

plains.

Leftist guerrillas have bombed the 780-kilometer (487 mile) Cano Limon-Covenas pipeline more than 400 times since it came on stream in 1984, including 24 times this year, according to Ecopetrol.