Plastics Required: DOE researching vehicle efficiency technologies


The United States Department of Energy released its first Quadrennial Technology Review Report in which Energy Secretary Steven Chu presented the priorities, goals, and rationale for the upcoming $3 billion 2011 energy technology R&D budget.

Half of the DOE's energy technology funding supports generating clean electricity, and now, the DOE favors a greater emphasis on energy technologies in transport, which could benefit plastics processors supplying the automotive industry. Fully 26% of the budget now will go to support developments in transportation. Vehicle efficiency and electric vehicle projects are viewed as the most cost-effective and nearest time strategies for "decoupling from the global oil market." and will receive more priority and funds this year, in addition to work on developing alternative fuels.
Read more