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Home » US awards record $6 billion to back industrial emissions reduction projects

US awards record $6 billion to back industrial emissions reduction projects

    The U.S. Energy Department on Monday announced $6 billion in federal funding to subsidize 33 industrial projects in 20 states to cut carbon emissions, saying the investment would support well-paying union jobs and boost U.S. competitiveness. Energy Secretary Jennifer Granholm will unveil the awards during a visit to a Cleveland-Cliffs Steel Corp facility in Middletown, Ohio, which will receive up to $500 million to install two new electric arc furnaces and hydrogen-based technology to reduce greenhouse gas emissions by 1 million tons. Granholm said the initiative, the single largest industrial decarbonization investment in U.S. history, would leverage a total of $20 billion, including the companies' share of the costs.

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