Tags: ohio | uranium | plant

Ohio Senators Push for $150 Million for Uranium Plant R&D

Thursday, 15 Mar 2012 04:55 AM

By Sandy Fitzgerald

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
The federal transportation bill now before Congress includes $150 million earmarked for a proposed uranium-enrichment plant in Ohio that backers say will create 400 permanent jobs and bring temporary work to another 4,000.
 
The money was inserted into the bill by Democratic Sen. Sherrod Brown and Republican Sen. Rob Portman, reports the Dayton Daily News. The Ohio senators have also backed federal loan guarantees for Maryland-based uranium-product firm USEC to build its American Centrifuge Project in Piketon, Ohio.
 
If the bill passes, the federal dollars would be spent for research and development at the plant. Brown said the project is not only important for jobs, but “it’s also a critical component of our national security. That’s why we see bipartisan support in the Senate for continued research and development.’’
 
USEC has, over the past three years, sought $2 billion in federal loan guarantees to commercialize the project. However, the Department of Energy has refused the money for the plant, where USEC plans to enrich uranium for nuclear energy.
 
The $150 million, also included in President Barack Obama’s proposed budget for the 2013 spending year, may be the last chance to keep the project alive, proponents say.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

New PAC Hopes to Boost More Black Conservative Candidates

Wednesday, 23 Apr 2014 14:07 PM

A group of black conservatives is stepping up to fund qualified candidates, creating a new political action committee an . . .

Forbes Commentator: Debate is When Affirmative Action No Longer Needed

Wednesday, 23 Apr 2014 13:52 PM

Reaction to Tuesday's Supreme Court ruling to uphold Michigan's affirmative action ban for admissions at state colleges  . . .

Study: More New Military Recruits Are Age 20 or Older

Wednesday, 23 Apr 2014 13:20 PM

More than half of new enlistees in the U.S. Army are age 20 or older, a sharp rise from two decades ago, when older recr . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved