Schumer: Falconer business facing trouble because of feds
Senator Charles Schumer will call on the Department of Energy to ensure the financial security of Jamestown’s RHI Monofrax and expedite the purchase of materials that they produce for the federal government to clean up nuclear waste on Monday, Feb. 18 at 12:45 p.m. at RHI Monofrax, 1870 New York Ave., Falconer.
RHI Monofrax, which employs nearly 250 people in Falconer, is the sole approved producer of these materials worldwide and has a contract to provide the DOE with $75 million worth of this product. However, in order to produce this product for DOE, RHI has to devote 20 percent of its production resources exclusively to this project, even though DOE only plans to order the product in small installments over the course of 25 years.
As a result of this extended timeframe and limitation, the company’s resources are tied up in this federal contract, which makes them less profitable and in turn makes it more difficult to maintain employment. Schumer will therefore urge the DOE to expedite their purchase of these critical materials, so that this Jamestown employer can have greater flexibility, and so that the Department of Energy has access to the products it needs.
Schumer will be joined by Daryl Clendenen, president of RHI Monofrax; Chautauqua County Executive Greg Edwards; Jamestown Mayor Sam Teresi; Chautauqua County IDA Director Bill Daly; Vince DeJoy, city of Jamestown director of development; Dave Leathers, Jamestown BPU general manager; and employees and union leaders from RHI Monofrax.