Dow Corning CEO Supports U.S. Expansion of Alternative Energy Manufacturing Tax Credits
December 16 2009 - 1:30PM
PR Newswire (US)
MIDLAND, Mich., Dec. 16 /PRNewswire-FirstCall/ -- Dow Corning
chairman, president and CEO Dr. Stephanie A. Burns commended
today's proposal by the White House to provide another $5 billion
in tax credits for manufacturers of wind, solar, and other
renewable energy-related products through the Advanced Energy
Manufacturing Tax Credit (Section 48C). (Photo:
http://www.newscom.com/cgi-bin/prnh/20091216/DE27288 ) "This would
be a great step to encourage companies that are willing to invest
and create jobs now," said Burns. "President Obama's administration
has demonstrated exceptional foresight and leadership. I encourage
congress to act swiftly and decisively on this legislation. The
United States has the opportunity to build a vibrant alternative
energy industry while creating jobs and economic growth,
strengthening our energy security and achieving our environmental
goals." The White House stated that the original $2.3 billion
program was over-subscribed, and that the additional money could go
to applicants turned down when the money ran out. Dow Corning's
silicon-based materials are used in solar cell manufacturing, solar
module assembly and installation. In the past five years, Dow
Corning and its joint ventures, the Hemlock Semiconductor Group,
have announced investments of more than $5 billion to research and
develop as well as to expand production of materials critical to
the solar industry. To learn more about Dow Corning's efforts to
promote a comprehensive energy policy that will support the growth
and success of a vibrant American solar energy industry visit
http://www.dowcorning.com/solarpolicy. About Dow Corning Dow
Corning provides performance-enhancing solutions to serve the
diverse needs of more than 25,000 customers worldwide. A global
leader in silicones, silicon-based technology and innovation, Dow
Corning offers more than 7,000 products and services via the
company's Dow Corning® and XIAMETER® brands. Dow Corning is equally
owned by The Dow Chemical Company (NYSE:DOW) and Corning,
Incorporated (GLW). More than half of Dow Corning's annual sales
are outside the United States.
http://www.newscom.com/cgi-bin/prnh/20091216/DE27288
http://photoarchive.ap.org/ DATASOURCE: Dow Corning CONTACT: Jarrod
Erpelding of Dow Corning, +1-989-496-1582, Web Site:
http://www.dowcorning.com/
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