A federal-private partnership has been launched by the U.S. Department of Energy (DOE) and a team led by Carpenter Powder Products to develop new functionally graded materials for manufacturing tools, dies and equipment.

A federal-private partnership has been launched by the U.S. Department of Energy (DOE) and a team led by Carpenter Powder Products (Bridgeville, Pa.; www.cartech.com) to develop new functionally graded materials for manufacturing tools, dies and equipment. It could reduce energy consumption by 120 trillion Btus per year and lower environmental emissions by more than 2.3 million tons of CO2 and 64,000 tons of other emissions per year, as well as produce a $4.22 billion benefit per year in cost savings and improved process efficiencies for manufacturers. The DOE has agreed to provide financial assistance of $2,325,000 for the three-year project with an estimated budget of $3,850,000.