Tuesday, November 3, 2009

Snowe, Collins Announce $9.4 Million for Verso Paper Corporation

Funding Will Boost Energy Efficient Projects for Paper Mills in Jay and Bucksport

U.S. Senators Olympia J. Snowe and Susan Collins (R-Maine) today announced the U.S. Department of Energy will award Verso Paper Corporation $9, 356, 177 in federal funding to assist with the deployment of waste energy recovery technologies at three paper mills including those located in Jay and Bucksport. The funding is being distributed to Maine through the American Recovery and Reinvestment Act of 2009. Senators Snowe and Collins worked with a bipartisan group of senators to craft the legislation that became law in February.

“This funding award will provide the Verso plants in Jay and Bucksport with the resources they need to stay competitive in the 21st century global economy, improve energy efficiency and create good-paying jobs in Maine,” said Senators Snowe and Collins in a joint statement. “Reducing our consumption of energy at these facilities will keep these mills competitive with international competition, reduces carbon emissions, and builds on the company’s effort to invest in the mills that continue to be a bedrock to the Jay and Bucksport communities. We are pleased the Department of Energy recognized Verso for such critical assistance.”

Earlier this year, both Senators Snowe and Collins in a letter, urged Energy Secretary Steven Chu to support Verso’s application for the funding, which will be used to implement 12 waste energy recovery sub-projects at Verso paper mills located in Jay, Maine; Bucksport, Maine; and Sartell Minnesota. The sub-projects were chosen for their energy savings potential for immediate implementation. The bundled project will save an estimated 1.28 trillion British Thermal Units (Btu) annually.

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