The Biden administration announced $6 billion in funding Monday for projects that will slash emissions from the industrial sector — the largest-ever U.S. investment to decarbonize domestic industry to fight climate change.Iron, steel, aluminum, food and beverage, concrete and cement facilities are some of those involved in this initiative.
—Cleveland-Cliffs Steel Corporation in Middletown, Ohio, will retire one blast furnace, install two electric furnaces, and use hydrogen-based ironmaking technology. The project aims to eliminate 1 million tons of greenhouse gas emissions each year from the largest supplier of steel to the U.S. automotive industry.
Decarbonizing the electricity and transportation sectors has been at the center of the climate conversation and there are generous federal subsidizes for the solutions, mainly using renewable energy for power generation and adopting electric vehicles, Tucker said. The production of new aluminum in the U.S. has been precipitously declining in recent decades, especially the past few years, largely because of energy costs, said Annie Sartor, aluminum director at the green industry advocacy organization Industrious Labs. The process uses a tremendous amount of electricity that's about 40% of the cost, Sartor said.
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