Whole Foods to Recycle Waste Vegetable Oil for Power
Cambridge, Mass. Whole Foods Market is making history as the first company in the United States to generate its electricity needs on-site using recycled cooking oil generated from its commissary kitchen and 21 store locations.
The 45,000-sq.-ft. commissary building, located in Everett, Mass., supplies prepared foods and other products to 43 Whole Foods in New England as well as New York and New Jersey. It operates around the clock and uses some 1,200 gallons of cooking oil each week.
Waste biomall cogeneration, also known as waste biomass combined heat and power, is a popular green alternative to generate power that is widely used in Europe. But it is considered a new technology in the United States.
“The system will be connected into the commissary’s electric distribution system and operate in parallel with National Grid’s utility lines in an effort to self-generate electricity to relieve congestion on its transmission and distribution systems and decrease our carbon footprint,” said Kathy Loftus, global leader, sustainable engineering, maintenance and energy for Whole Foods Market.
The waste oil will be used as a biofuel in a cogeneration module using an internal combustion engine to generate electricity and usable heat, to offset some of the utility costs for the facility.
The generator will have the capacity to meet the electricity needs of the entire commissary, just over 2,000,000 kilowatt-hours per year.
Dillard’s 3Q loss widens
LITTLE ROCK, Ark. Dillard’s reported a third quarter net loss of $56 million, or 76 cents per share, compared to a net loss of $11.3 million, or 15 cents per share, for the same period last year.
Dillard’s ceo, William Dillard, II, stated, “The oppressive economic environment clearly weighed heavily on our results during the third quarter. We continue to take aggressive action to navigate these challenging times. We announced the closure of 21 under-performing stores during 2008, dramatically reduced capital spending for 2008 and 2009 and are executing appropriate operating expense reduction measures throughout the Company. These efforts are not only designed to position ourselves to weather near-term economic uncertainty but also to position Dillard’s well for the long term.”
Net sales for the quarter were $1.508 billion compared to net sales of $1.633 billion last year. Sales in comparable stores declined 9%.
Fred’s sees 3Q income growth
MEMPHIS, Tenn. Fred’s reported net income of $6.1 million, or 15 cents per diluted share for the third quarter 2008, an increase of 32% from net income of $4.6 million or 12 cents per diluted share in the year-earlier quarter.
Fred’s total sales for the third quarter of fiscal 2008 were $418.0 million compared with $419.9 million for the same period last year, with the year-over-year decline of 0.4% reflecting the company’s store-closing program. Excluding stores closed in 2008, total sales from ongoing stores increased 4% over the third quarter of last year. On a comparable-store basis, third quarter sales increased 1.4% versus 1.1% in the year-earlier period.