MIDLAND, Mich., Dec. 16 /PRNewswire-FirstCall/ -- Dow Corning chairman, president and CEO Dr. Stephanie A. Burns commended today's proposal by the White House to provide another $5 billion in tax credits for manufacturers of wind, solar, and other renewable energy-related products through the Advanced Energy Manufacturing Tax Credit (Section 48C). (Photo: http://www.newscom.com/cgi-bin/prnh/20091216/DE27288 ) "This would be a great step to encourage companies that are willing to invest and create jobs now," said Burns. "President Obama's administration has demonstrated exceptional foresight and leadership. I encourage congress to act swiftly and decisively on this legislation. The United States has the opportunity to build a vibrant alternative energy industry while creating jobs and economic growth, strengthening our energy security and achieving our environmental goals." The White House stated that the original $2.3 billion program was over-subscribed, and that the additional money could go to applicants turned down when the money ran out. Dow Corning's silicon-based materials are used in solar cell manufacturing, solar module assembly and installation. In the past five years, Dow Corning and its joint ventures, the Hemlock Semiconductor Group, have announced investments of more than $5 billion to research and develop as well as to expand production of materials critical to the solar industry. To learn more about Dow Corning's efforts to promote a comprehensive energy policy that will support the growth and success of a vibrant American solar energy industry visit http://www.dowcorning.com/solarpolicy. About Dow Corning Dow Corning provides performance-enhancing solutions to serve the diverse needs of more than 25,000 customers worldwide. A global leader in silicones, silicon-based technology and innovation, Dow Corning offers more than 7,000 products and services via the company's Dow Corning® and XIAMETER® brands. Dow Corning is equally owned by The Dow Chemical Company (NYSE:DOW) and Corning, Incorporated (GLW). More than half of Dow Corning's annual sales are outside the United States. http://www.newscom.com/cgi-bin/prnh/20091216/DE27288 http://photoarchive.ap.org/ DATASOURCE: Dow Corning CONTACT: Jarrod Erpelding of Dow Corning, +1-989-496-1582, Web Site: http://www.dowcorning.com/

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