Transportation & Fuel Source Technology
Oil Purification Systems Announces Environmental Technology Passes Key Legislative Hurdle
The Connecticut Legislature's Environment Committee has given overwhelming approval to a pilot program that will fund the use of groundbreaking technology to reduce oil consumption and waste oil generated by public and private fleets. The pilot program provides three financial incentives for municipalities and businesses to sign up:
- A fund of $90,000 will be appropriated to the Department of Environmental Protection for the purpose of awarding grants to participating cities and towns.
- The program will also qualify for financial support as a 'Local Capital Improvement Project.'
- Businesses who implement the technology will be eligible for tax credits against corporate tax payments.
The technology, the OPS-1
onboard oil refining system developed by Shelton, Connecticut-based Oil Purification Systems, continually keeps engine oil clean so that regular oil changes are no longer necessary. The compact, lightweight two-stage device - if installed in municipal vehicles such as trucks, buses, construction equipment and generators - could save towns and cities an estimated 80% of their annual costs for oil changes.
The OPS-1 also has a positive environmental impact, which the Environment Committee endorsed with its vote. Lubricating oil, unlike fuels, must be disposed of when it becomes contaminated. Fewer oil changes mean less oil that must be expelled into the environment.
The device, manufactured in Waterbury, Conn., also contributes to the effort to decrease America's dependence on oil. Broad adoption of this technology could decrease national oil consumption by close to 2 billion barrels per year. Global adoption could cut consumption by many times that amount.
"Government at all levels can benefit from this technology," said Mitchell Weseley, president and CEO of OPS, "We are gratified that the Environment Committee has recognized its value and has taken immediate steps to make it available to cities and towns across the state."
"An Act Concerning the Reduction of the Environmental Impact of Waste Oil Disposal" is currently House Bill #7231 and must be approved by the Finance Committee before going to the full legislature.
More Transportation & Fuel Source Technology Articles
Stanford researchers seek 'Holy Grail' in battery design
Volvo Car Group Makes Conventional Batteries a Thing of the Past
Tesla Model S Achieves Best Safety Rating of Any Car Ever Tested in the U.S.
Pure Electric BMW i3 Premieres in New York, London and Beijing
Smith Electric Vehicles to Open Manufacturing Facility In Chicago
BMW and Toyota Partner to Develop Fuel Cells
Tesla Motors Secretly Develops Solar Powered EV Charging Station Network
Quantum Demonstrates Plug-In Hybrid Electric F-150 Pick-Up Truck
NASA Goes Green: NASA Selects Green Propellant Technology Demonstration Mission
Increase in Popularity of Alternative Transportation Leads to Decrease in Oil Usage
even more articles...
Suggest an Article for Green Progress