April 15, 2010, Columbus, OH – Ohio Governor Ted Strickland and Mark R. Shanahan, executive director of the Ohio Air Quality Development Authority (OAQDA) and the governor's energy advisor, today announced awards from the $150 million Ohio Advanced Energy Job Stimulus Program.
The awards were authorized by OAQDA at its monthly meeting to Buckeye Silicon, Inc. (BeSi) of Toledo, a wholly owned subsidiary of Sphere Renewable Energy Corporation (SREC) of California, and to Cool Containers, LLC of Marietta, a spinoff of Farrar Scientific, LLC, also of Marietta.
"These projects offer further proof that our commitment to advanced energy is creating the jobs of the future in Ohio today," Strickland said. "The targeted investments we've been making continue to solidify Ohio's leadership in advanced, alternative and renewable energy."
Cool Containers, LLC
Cool Containers was approved to receive a loan of $238,870 to expand its manufacturing facilities for the production of its PharmaPort 360 cold-chain cargo shipping container. The container employs an ultra-low-temperature refrigeration system for the air transport of pharmaceuticals and other materials. The refrigeration system offers significant benefits over dry ice-based technologies and also provides technical advantages over compressor-based systems. The Cool Containers project will create 20 new full-time jobs and retain another seven. Launch of the PharmaPort 360 containers is targeted for late 2010. The total project investment is $2,751,870.
Shanahan said that "these two projects demonstrate that the Advanced Energy Job Stimulus Program is fulfilling its mission to support cutting-edge initiatives that are on a fast track toward commercialization. The program is creating jobs for Ohioans in all parts of the state, and we're pleased OAQDA can play a role in making that happen."
Ohio's Advanced Energy Job Stimulus Program includes $84 million for non-coal related technology projects and $66 million for clean coal projects. The program is part of the Ohio Bipartisan Stimulus Plan signed into law by Strickland in June 2008. Currently, 118 projects are in some stage of the application process. OAQDA is the administering agency for the program.
OAQDA is a non-regulatory government agency created to help Ohio businesses comply with clean air regulations. Through its Ohio Coal Development Office program, OAQDA also oversees the State of Ohio's coal research, development and technology deployment efforts.
Buckeye Silicon, Inc.
Buckeye Silicon was approved to receive a loan of $1,428,000 to utilize SREC's patent-pending Reductive Combustion Process (RCP) manufacturing system to produce polycrystalline silicone to supply the solar cell and wafer production industries during the first of two project phases.