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$4 million federal grant to boost Dresser-Rand’s Southern Tier facilities

The U.S. Department of Energy plans to award the Dresser-Rand Group a $4 million grant to develop and test equipment that lowers the cost of capturing and compressing carbon dioxide, an infusion of federal funding that is good news for the company’s facilities in the Southern Tier, according to the office of Sen. Charles E. Schumer, D-N.Y.

The award could boost employment at the company’s three area facilities in Olean, Wellsville and Painted Post, which together have about 2,300 workers.

Schumer wrote to Energy Secretary Ernest Moniz to support Dresser-Rand’s grant application and also argued on behalf of the company in budget talks with Moniz. The money will pay for the creation and testing of a pilot supersonic carbon dioxide compressor through the department’s carbon capture program.

Dresser-Rand is an oil-services company based in Houston. It was acquired by the German engineering conglomerate Siemens in a deal announced one year ago.