EP Minerals, LLC Announces Updated Energy Surcharge Policy
New program in effect as of March 1, 2014
RENO, Nev.--(BUSINESS WIRE)--EP Minerals, LLC, a global leader in industrial minerals, announced today an updated Energy Surcharge Policy in response to the recent high prices of natural gas.
“The extremely high price of natural gas has significantly impacted the energy costs and production expenses at our plants”
“The extremely high price of natural gas has significantly impacted the energy costs and production expenses at our plants,” said Matt Goecker, vice president of global sales for EP Minerals.
EP Minerals will charge customers an Energy Surcharge when the monthly average price of natural gas exceeds $4.40/DTh as averaged from the three natural gas distribution pipelines that supply EP Minerals’ plants. EP Minerals’ Nevada and Oregon plants are indexed by the Sumas and Opal distribution points in a 70/30 percent blend, while EP Minerals’ Middleton plant is indexed by the Henry Hub pipeline.
“When the natural gas price drops below $4.40/DTh, there will be no energy surcharge,” said Goecker.
EP Minerals' updated Energy Surcharge Policy can be found on the EP Minerals website at www.epminerals.com/energy-surcharge-policy.
About EP Minerals
EP Minerals, LLC is a worldwide leader in diatomaceous earth (DE), clay and perlite. These unique minerals are used as filter aids, absorbents and functional additives serving dozens of diverse markets including food and beverage, biofuels, swimming pool, landscape, sports turf, paint, plastics and insecticides. EP Minerals also produces patented water purification media and arsenic removal products. For more information, visit www.epminerals.com.