Companies like DuPont, Dow Chemical and Owens Corning that have shed thousands of jobs in recent years could be big winners if more money is added to these accounts. They make the vinyl windows, thermal roof coatings and insulation that seal buildings and homes so that they leak less energy, which not only cuts heating and cooling costs but carbon emissions as well. ACC estimates there is about $17,000 worth of chemical products in a new home. "The [Senate Appropriations Committee's] $50 plus billion of clean energy investments is a good start, but we urge you to put even more money into building tomorrow's lower carbon energy economy," ACC said in a letter sent last week. It noted an estimate by the Center for American Progress, a left-leaning think tank with ties to the Obama administration, that as much as $120 billion could be spent on clean-energy programs.What a difference a year makes. At this time last year, North American resin companies were raising prices as fast as they could, spurred by skyrocketing feedstock prices and strong demand (at least from export markets). Now many these same suppliers are suffering, as demand has collapsed and feedstock prices have fallen through the floor. Will Congress -- and the Obama administration -- see fit to include their requests in the big stimulus bill?
Resin suppliers want a piece of the stimulus bill
According to TheHill.com, resin suppliers are lining up for government help -- they're trying to get "billions of dollars in energy efficiency funding" to the Senate version of the economic stimulus bill. Jim Snyder reports that Cal Dooley, president and CEO of the American Chemistry Council, is asking for more funds for make buildings more energy-efficient, and also to support coal gasification technologies.
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