Environment and Energy
Biden Admin Offers $6B To Decarbonize Industry, Steel Included
Written by Michael Cowden
March 9, 2023
The Biden administration has announced a plan to provide approximately $6 billion to speed up the decarbonization of US industry.
The program, administered by the US Department of Energy, will target carbon emissions associated with the production of iron and steel, aluminum, cement, and concrete.
It is part the administration’s goal of creating a “net-zero economy” by 2050, according to a March 8 press release.
“Today’s announcement is yet another exciting step in the race to fully decarbonize our heavy industries, and will help drastically reduce harmful pollution while ensuring America’s manufacturing sector is strong and competitive,” US Energy Secretary Jennifer M. Granholm said in a statement.
The Energy Department will focus on first-of-a-kind or early-stage commercial-scale projects. Concept papers are due by April 21 and full applications for funding by Aug. 4.
By Michael Cowden, michael@steelmarketupdate.com
Michael Cowden
Read more from Michael CowdenLatest in Environment and Energy
Active rig counts recover in US, slip in Canada
US drill rig activity moved back up last week after drifting lower for four straight weeks. Meanwhile, Canadian counts slipped for the first time after a seven-week rally, according to the latest data from Baker Hughes.
Origami Solar keeps supply chain domestic with three US fabricators
Bend, Ore.-based Origami Solar has partnered with three US steel fabricators to prioritize a domestic supply chain for its solar frames.
Price: Blast furnaces aren’t necessary to make most advanced steels
When it comes to steel decarbonization, we do not need to compromise our climate ambition to make the types of demanding steel products needed for our 21st-century economy. Nevertheless, many of the world’s highest-emitting steel producers and their allies would have you believe that one cannot be done without the other. They are wrong. They […]
Cliffs reaches emissions goals early, sets new targets
After achieving its 2030 greenhouse gas (GHG) emissions reduction targets well ahead of schedule, Cleveland-Cliffs Inc. has set new reduction goals.
Op-Ed: Steel emissions policies have not forgotten about recycling
Why have steel emissions policies forgotten about recycling? The short answer is that they haven’t. ResponsibleSteel was recently characterized in an article featured in the SMU Executive Newsletter as advocating for steel emissions policies which “discourage recycling.” In fact, ResponsibleSteel sees recycled scrap as playing a critical role in driving steel decarbonization. Recent revisions to […]