Caterpillar Inc. and Sun Select Produce Inc. Announce Plans for Greenhouse Collaboration

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Caterpillar Inc. and Sun Select Produce Inc. Announce Plans for Greenhouse Collaboration

Greenhouse will use CO2 & thermal energy from power plant exhaust
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Greenhouse project will use CO2 & heat from power plant exhaust @SunSelectCA @CaterpillarInc #sustainability
Monday, March 7, 2016 - 3:20pm

CAMPAIGN: Sustainable Innovation

CONTENT: Press Release

PEORIA, Ill., March 7, 2016 /3BL Media/ – Caterpillar Inc. (NYSE: CAT) and SunSelect Produce, Inc., known for producing premium greenhouse-grown vegetables for more than 30 years, today announced a strategic collaboration that will take the waste products of Caterpillar’s combined heat and power cogeneration facility in Mossville, Illinois, and put them to productive use in SunSelect hydroponic greenhouses. The agreement is subject to regulatory approvals, satisfactory due diligence, permitting and closing conditions. 

SunSelect will purchase real estate adjacent to Caterpillar’s energy generation facility, Advanced Tri-Gen Power Systems (ATPS), to construct a hydroponic greenhouse. The greenhouse is expected to utilize excess thermal energy and carbon dioxide from ATPS’s natural gas fired turbines. By providing low grade heat and abundant CO2, the collaboration will maximize healthy plant production in the SunSelect facility and allow for more efficient use of Caterpillar’s power generation plant.

"We're optimistic about what this project will mean for our local community, bringing new jobs to the area and a new option for locally-grown produce to consumers," said Frank Crespo, Caterpillar vice president and chief procurement officer with responsibility for ATPS. “This project also perfectly exemplifies Caterpillar’s commitment to sustainability – which seeks a balance of environmental stewardship, economic growth and social responsibility."

The SunSelect greenhouse will operate with a year-round growing season, serving as the company’s Midwest hub for both production and distribution. The greenhouse operations are expected to add up to 300 permanent local jobs when fully operational.

Reinhold Krahn, director of SunSelect said, "This collaboration is a significant step in our long-term growth strategy. Building on our existing distribution footprint, this Midwest base will allow us to expand our ability to grow fresh and healthy vegetables, safely and responsibly, on the smallest amount of land possible."

Subject to permitting, regulatory approvals and other required steps, it is anticipated that the agreement will close in the second quarter of 2016.


About Caterpillar
For 90 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent.  Customers turn to Caterpillar to help them develop infrastructure, energy and natural resource assets.  With 2015 sales and revenues of $47.011 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.  The company principally operates through its three product segments - Construction Industries, Resource Industries and Energy & Transportation - and also provides financing and related services through its Financial Products segment.  For more information, visit  To connect with us on social media, visit

About SunSelect
SunSelect is a leading greenhouse vegetable producer based in Aldergrove, British Columbia, Canada. Established in 1985, it is now operated by the second generation of the founding Krahn family. Growing in both Canada and California on over 130 acres of high-tech greenhouse combined, SunSelect produces sweet bell peppers, tomatoes-on-the-vine and specialty tomatoes virtually year round. SunSelect is characterized by such sustainable practices as green carbon capture technology and, in 2014, became Canada’s first Fair Trade Certified produce grower. SunSelect’s signature brand is OUTRAGEOUSLY FRESH, introduced in October 2015. See or follow Outrageously Fresh on Facebook and Twitter.

Forward-looking Statements
Certain statements in this press release relate to future events and expectations and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “believe,” “estimate,” “will be,” “will,” “would,” “expect,” “anticipate,” “plan,” “project,” “intend,” “could,” “should” or other similar words or expressions often identify forward-looking statements. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding our outlook, projections, forecasts or trend descriptions. These statements do not guarantee future performance, and we do not undertake to update our forward-looking statements.

Caterpillar’s actual results may differ materially from those described or implied in our forward-looking statements based on a number of factors, including, but not limited to: (i) global and regional economic conditions and economic conditions in the industries we serve; (ii) government monetary or fiscal policies and infrastructure spending; (iii) commodity price changes, component price increases, fluctuations in demand for our products or significant shortages of component products; (iv) disruptions or volatility in global financial markets limiting our sources of liquidity or the liquidity of our customers, dealers and suppliers; (v) political and economic risks, commercial instability and events beyond our control in the countries in which we operate; (vi) failure to maintain our credit ratings and potential resulting increases to our cost of borrowing and adverse effects on our cost of funds, liquidity, competitive position and access to capital markets; (vii) our Financial Products segment’s risks associated with the financial services industry; (viii) changes in interest rates or market liquidity conditions; (ix) an increase in delinquencies, repossessions or net losses of Cat Financial’s customers; (x) new regulations or changes in financial services regulations; (xi) a failure to realize, or a delay in realizing, all of the anticipated benefits of our acquisitions, joint ventures or divestitures; (xii) international trade policies and their impact on demand for our products and our competitive position; (xiii) our ability to develop, produce and market quality products that meet our customers’ needs; (xiv) the impact of the highly competitive environment in which we operate on our sales and pricing; (xv) failure to realize all of the anticipated benefits from initiatives to increase our productivity, efficiency and cash flow and to reduce costs; (xvi) additional restructuring costs or a failure to realize anticipated savings or benefits from past or future cost reduction actions; (xvii) inventory management decisions and sourcing practices of our dealers and our OEM customers; (xviii) compliance with environmental laws and regulations; (xix) alleged or actual violations of trade or anti-corruption laws and regulations; (xx) additional tax expense or exposure; (xxi) currency fluctuations; (xxii) our or Cat Financial’s compliance with financial covenants; (xxiii) increased pension plan funding obligations; (xxiv) union disputes or other employee relations issues; (xxv) significant legal proceedings, claims, lawsuits or government investigations; (xxvi) changes in accounting standards; (xxvii) failure or breach of IT security; (xxviii) adverse effects of unexpected events including natural disasters; and (xx       ix) other factors described in more detail under “Item 1A. Risk Factors” in our Form 10-K filed with the SEC on February 16, 2016 for the year ended December 31, 2015. 


Corrie Heck Scott
+1 (309) 675-0425
Caterpillar Global Government & Corporate Affairs
Reinhold Krahn
Keywords: Ethical Production & Consumption | Business & Trade | Carbon Footprint | Caterpillar Inc. | Corporate Social Responsibility | Diversity & Human Resources | Energy | Energy Efficiency | Environment & Climate Change | Fair Trade | Green Business

CAMPAIGN: Sustainable Innovation

CONTENT: Press Release