- Ohio’s Polymer Cluster in Northeast Ohio awarded $51 million in federal funding through the Tech Hubs program
- The investment aims to transform the region into a global innovation center for polymer industry
- Focus on sustainable polymers research with projects like tire recycling, bio-based rubber, and carbon nanotube composites
- Expected outcomes include job creation, private investment, economic impact, and workforce development
- The cluster was previously designated as the U.S. Sustainable Polymers Tech Hub and received additional funding for strategy development
Ohio Polymer Cluster Secures $51M Federal Funding
Ohio’s Polymer Industry Cluster, located in Northeast Ohio, has been selected to receive a significant investment of $51 million from the federal Tech Hubs program. This program aims to support regions with the potential to evolve into globally competitive innovation centers. The announcement, made on July 5, 2024, marks a pivotal moment for the polymer-rich region, which is home to over 500 polymer-related manufacturing companies.
Driving Sustainable Innovation in Polymer Research
One of the key focuses of this funding is to drive innovation in sustainable polymers research. The Polymer Industry Cluster of Greater Akron, comprising more than 150 polymer-related manufacturing companies, is set to lead the charge in developing environmentally friendly polymer solutions. The investment aims to catalyze industry development that not only reduces carbon emissions but also fosters new manufacturing practices with lower environmental impact.
Key Technology Projects and Economic Impact
The $51 million award will fund several technology projects aimed at advancing the polymer industry. These projects include commercializing the recycling of end-of-life tires, developing sustainable polymer composites, manufacturing bio-based butadiene for green synthetic rubber, formulating carbon nanotube-based polymer composites, and creating safer antidegradants for tires and plastics. The innovation resulting from these projects is expected to attract new businesses and talent, leading to the creation of over 4,000 jobs and attracting more than $1 billion in private investment in expanded production capacity. The total economic impact in Northeast Ohio is estimated to reach $5 billion.
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Investing in Workforce Development and Sustainability
Apart from technological advancements, the funding will also be used to enhance workforce development in the region. Educational initiatives with universities and workforce partners will be strengthened to improve the pipeline of sustainability talent in Northeast Ohio. The aim is to create a skilled workforce that can drive the growth of the polymer industry and support the region’s transition towards sustainable practices.
Ohio’s Polymer Industry Cluster’s $51 million federal funding is a testament to the region’s potential as a hub for polymer innovation. With a strong focus on sustainability and technological advancement, the cluster is poised to make significant strides in the polymer industry, creating economic growth and job opportunities while championing environmental responsibility.
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