AFTER SCHUMER'S PUSH, U.S. DEPT OF ENERGY WILL AWARD DRESSER RAND $4 MILLION, TO DESIGN & CREATE SUPER COMPRESSOR AT OLEAN FACILITY, PROTECTING WNY JOBS
Grant Will Help Dresser-Rand Company Create & Test A Supersonic CO2 Prototype
U.S. Senator Charles E. Schumer announced today that after his push, the U.S. Department of Energy (DOE) will award the Dresser-Rand Company $4 million to create and test pilot-scale supersonic Carbon Dioxide compressor. This critical federal funding could add new good paying middle-class jobs and will be a major boost to the manufacturing industry in Upstate New York.
“This federal funding is great news for all 3 New York facilities, particularly the Olean facility” said Schumer. “These facilities support thousands of good-paying, middle class jobs, and because of this investment from DOE, these regions could soon see a boost in new regional economic opportunities, which means more jobs and a stronger manufacturing
As Senator, Schumer has a long history advocating for keeping jobs in Upstate New York. Schumer has demonstrated his commitment by visiting all 3 Dresser Rand Facilities; most recently in 2014 he visited the Painted Post facility. In 2014, Schumer also announced $5 million for Dresser Rand to build and develop a steam turbine to be used in submarines. Recently, Schumer wrote to Department of Energy Secretary Ernest Moniz in support of the Dresser-Rand company's grant application as well as explained the competitiveness of the Dresser Rand application during their budget conversations.
Dresser Rand produces and designs compressors and turbines with applications to the oil and gas and process industries. They employ approximately 2,300 across three facilities which include their largest facility located in Olean, Wellsville and Painted Post.
Along with Dresser Rand Company, DOE’s National Energy Technology Laboratory (NETL) has selected seven projects to receive funding to construct small- and large-scale pilots for reducing the cost of carbon dioxide (CO2) capture and compression through DOE’s Carbon Capture Program.
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