Tim Ryan Takes Job With Zoetic; Plant Planned for Youngstown
WASHINGTON – Zoetic Global announced Monday that former U.S. Rep. Tim Ryan has joined the company as its chief global business development officer.
In a press release issued Monday afternoon, Ryan said that the company plans to open a new manufacturing facility in Youngstown.
“I’m thrilled about this new and exciting chapter, which includes the opening of a refrigerant manufacturing facility employing trade union workers in Youngstown and a new carbon credit headquarters in Columbus,” Ryan said.
No additional details were available regarding the Youngstown plant or carbon headquarters in Columbus.
Zoetic is a minority-owned company whose primary focus is delivering energy, water and food technologies to areas of greatest need.
The company is engaged in refrigerants projects in the United States, Asia, the Middle East and Africa, the release said.
“I had many offers to join businesses since leaving Congress in January, Ryan said. “I’m thrilled to join Zoetic because our family of breakthrough technologies will transform the world economy and help reverse climate change.”
Zoetic’s specific initiatives include providing access to hydrokinetic, wind and solar power, energy efficiency technologies and systems for supplementing electrical supply and infrastructure in remote areas, the company said. Current installations are at public and private facilities, including government buildings, school districts, hospitals, data centers, entertainment facilities and corporate offices.
On May 9, the company agreed to partner with Verified Carbon Credits LLC as its exclusive carbon credits registry. Through the new partnership, companies may access carbon credits for using Zoetic’s technologies.
“We are incredibly proud to have Tim as a member of our leadership team,” said Jerome Ringo, Zoetic chairman and co-founder. “His commitment to making an impact in the fight against climate change aligns perfectly with our vision.”
Companies that work with Zoetic realize 20% to 40% savings on their cooling costs and share in carbon credits supported by precise energy and emissions reduction data, according to the company.
Global cooling is a key target for emissions reduction as air conditioning needs are projected to triple by 2050 as a result of warming and the growing middle class in Asia and Africa.
Ryan, a Democrat, served 12 terms as U.S. representative for Ohio’s 13th District and served on the House Appropriations Committee. He opted to run for the U.S. Senate in Ohio in 2022 but was defeated by political newcomer Republican J.D. Vance.
Pictured at top: At the signing ceremony for the new Verified Credits/Zoetic partnership are: (back) Vivaris Capital President & CEO J. Christopher Mizer and Zoetic Global Chief Global Business Development Officer Tim Ryan; (front) Verified Credits Principal Steve Scholl and Zoetic Global Chairman and Co-Founder Jerome Ringo.
Copyright 2023 The Business Journal, Youngstown, Ohio.