[Congressional Record Volume 156, Number 32 (Monday, March 8, 2010)]
[Senate]
[Pages S1246-S1247]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
STEEL INDUSTRY FUEL TAX CREDIT
Mr. SPECTER. Mr. President, I have sought recognition to talk about
two subjects--first, an amendment filed by Senator Rockefeller,
amendment No. 3371 to amendment No. 3336, cosponsored by Senator Hatch,
Senator Baucus, Senator Casey, Senator Bayh, and myself.
This amendment would extend the steel industry fuel tax credit and
make minor technical corrections to ensure that the steel industry will
continue to recycle the hazardous waste called coal waste sludge. The
recycling process which converts coal waste sludge into steel industry
fuel eliminates a hazardous waste, ends the need to landfill or
incinerate the waste, displaces fuel from the coking process, and
increases the efficiency of coke-making. This recycling process makes
the production
[[Page S1247]]
of coke more efficient and cost-effective. Additionally, this provision
will create jobs across the country and preserve thousands of fuel-
making jobs in economically hard hit States.
The technical corrections made by this amendment cover minor issues
such as who has title to the coal in the few minutes before it enters
the coke ovens and whether a minuscule percentage of the feedstock is
pure coal or a material called pet coke.
The extension of the tax credit and these minor technical corrections
will ensure this credit can actually be used by processors and the
steel industry. I am advised that all of the integrated steel companies
and the representatives of their workers support this provision, which
is a rarity in any industry.
We have been working for nearly a decade to ensure the widespread use
of this technology in coke ovens across the country. Across
Pennsylvania, coke ovens continue to be used as the engine that drives
the American industrial machine. I have long been committed to ensuring
we use the cleanest and most efficient method for making steel and in
this case, the coke that is an ingredient in the steel-making process.
This is an extender right in line with the thrust of the legislation,
an extender which would save many jobs and add many more jobs. So it is
right in line with what we are seeking to accomplish.
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