Rain Carbon Resumes Production at Lake Charles Facility Following Eight-Week Outage Due to Hurricane Laura

Rain Carbon Inc., a leading global producer of carbon-based products and advanced materials, announces today that calcination and energy production at its Lake Charles facility in Louisiana have been restored eight weeks after taking a direct hit from Category 4 Hurricane Laura on August 27.

"For the past eight weeks, it has been all-hands-on-deck at Lake Charles making needed repairs, and I am pleased to report that we restarted one kiln on October 22, and in the past few days we restarted the second kiln and synchronized the facility's cogeneration plant to the local power grid," said Rain Carbon President Gerry Sweeney. "We still have repair work going on in many areas of the site, but we are producing calcined petroleum coke and power, and loading and unloading activities have resumed."

He added: "During the third quarter and even now in Q4, multiple hurricanes have significantly impacted our U.S. Gulf Coast calciners as this seemingly endless hurricane season continues to assault the Louisiana coast. Nonetheless, our Louisiana employees have weathered the storm, and I congratulate them for their incredible performance taking these plants down and up again so many times this year - and without any COVID-19 infections in the process."

Shares of Rain Industries Ltd was last trading in BSE at Rs.101 as compared to the previous close of Rs. 102.45. The total number of shares traded during the day was 19981 in over 469 trades.

The stock hit an intraday high of Rs. 103.6 and intraday low of 100.55. The net turnover during the day was Rs. 2032447.

Source : Equity Bulls

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