Market Segment
March 26, 2024
Vale proposes iron ore briquette plant for US Gulf Coast
Written by Laura Miller
Rio de Janeiro-based metals and mining conglomerate Vale could potentially build a new plant for the production of iron ore briquettes in the US.
Vale’s plant proposal is one of six iron and steel projects chosen this week to move forward with award negotiations by the Department of Energy (DOE) as part of its Industrial Demonstrations Program. The Infrastructure and Investment Jobs Act (IIJA) and the Inflation Reduction Act (IRA) are providing the program’s grant monies – in excess of $6 billion – to drive decarbonization across American industry.

