Word: stratmat
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Practical Dream. The biggest test of the new process will come in Venezuela, where a Stratmat furnace is being installed in the government's new $340 million steel plant. After building the plant, the Venezuelans found that they would have to import expensive coke to run it. But with Stratmat's process, they expect to run on local poor-grade coal. If it works as expected, the government is considering converting the whole plant to the process...
Another plan that should be under way soon is a blue-sky dream of William Zeckendorf's Webb & Knapp Inc.-made practical by cheap power from Bonneville Dam and Stratmat's smelting process-to retrieve iron, copper and zinc from waste copper slag cast off by copper companies. A Webb & Knapp subsidiary, in which Stratmat is to have a minority interest, plans to build a mill in Montana and buy slag from Anaconda Co. at 25? a ton. The slag heap contains iron, copper and zinc ores worth an estimated $1.4 billion. Zeckendorf even hopes to sell...
...Step Process. Stratmat's process is the idea of the late Metallurgist Marvin J. Udy. A Montreal millionaire, John C. Udd, became interested nine years ago and formed Strategic Materials Corp. to develop Udy's ideas...
...were a long time making a go of it. Udd poured at least $3,000,000 of his own money into Stratmat. Then, in 1957, the prestigious Koppers Co., Inc., which designs and builds steel mills, saw the possibilities and added its money to the development, in return for stock and the right to engineer and design plants using the Udy process. Shortly afterward, Frank W. Chambers, 52, a one-time Koppers executive and director of engineering at Kennecott Copper, took over as Stratmat president and set to work to make the process a commercial success...
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