Press Releases

Ohio's Chemistry Industry Commends Senator Rob Portman For Introducing Energy Efficiency Bill

 

COLUMBUS, Ohio, May 13, 2011 /PRNewswire-USNewswire/ -- U.S. Senators Rob Portman (R- Ohio) and Jeanne Shaheen (D-N.H.) introduced the "Energy Savings and Industrial Competitiveness (ESIC) Act of 2011" yesterday.

Ohio Chemistry Technology Council President Jack R. Pounds issued the following statement:

"As an industry that creates innovative, energy-saving materials and products, Ohio's chemistry companies commend Senator Portman for his leadership in developing this bipartisan energy efficiency bill.  It provides several ways to help Americans save energy and money, while creating jobs.

" Ohio's chemical companies are leaders in energy efficiency.  We invent and make products used in building insulation, appliances, lightweight vehicle parts, windows, engine lubricants, compact fluorescent light bulbs, energy storage systems, thermal coatings and many others. Our advancements have helped to make the state a global center for research, development, and commercialization of high-technology chemistry.

"In today's highly competitive global marketplace, being energy-efficient at our own manufacturing plants helps reduce costs and maintain our U.S. production and jobs.  The domestic chemistry industry improved energy efficiency by 56 percent since 1974, and 33 percent since 1990.  In 2010, American chemistry companies implemented energy efficiency improvements that saved 14.8 trillion BTUs – enough to power the homes of Akron, Ohio's 210,000 residents for one year.

"The Energy Savings Act contains important provisions to achieve energy savings across the economy. The energy building codes provision encourages more energy efficiency in new homes.  It will encourage states to implement stronger codes.  Meanwhile, the appliance standards provisions will help consumers reduce their utility bills while stretching the nation's natural gas and electricity supplies.

"The manufacturing energy efficiency program will help America's energy-intensive industries save energy, and therefore compete more effectively in global markets.  It can pave the way for additional programs to harness the potential of industrial energy efficiency."

TheStreet Premium Services

Jim Cramer
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
OptionsProfits
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn More
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
Dow Jones S&P 500 NASDAQ 10-Year Note
12,454.83 1,317.82 2,837.53 17.45
Oil *
107.26
DOWN
74.92
DOWN
2.86
DOWN
1.85
DOWN
0.14
10 Yr
1.74%
SPDR Gold
152.68
-0.60%
-0.22%
-0.07%
-0.80%
Data delayed 20 minutes

Top Stories and Tools

Articles From

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy.
Podcasts

Connect with TheStreet