June 14, 2012 by NADCA in Industry News
The Detroit News (6/12, Shepardson) reports that the DOE announced $54 million in grants that will be "matched with $17 million in private-sector funding for 13 projects to advance new technologies, materials and processes that can help US manufacturers dramatically increase the energy efficiency of their operations and reduce costs." Energy Secretary Steven Chu said of the awards, "The projects announced today will improve the competitive position of US industry and help Michigan's manufacturers produce more while saving energy, saving money and protecting our air and water." Dow Chemical Co. will receive $9 million "to create a low-cost carbon fiber production process that could reduce the cost of manufacturing carbon fibers by 20 percent and reduce carbon dioxide emissions by 50 percent," and General Motors Co. "will receive a nearly $2.7 million grant to develop an integrated die-casting process that is expected to achieve a 50 percent energy savings for the process used to manufacture car doors," the News adds.
The Detroit Free Press (6/12, Bomey) adds that David Danielson, assistant energy secretary for energy efficiency and renewable energy, said of the projects, "We're only funding things that are on the edge of their roadmaps, where given the constraints of quarter-to-quarter profitability they're not able to invest."