Department of Energy (DOE) Secretary Jennifer Granholm announced $6 billion in funding for 33 projects to decarbonize energy-intensive industries, including iron and steel. She made the announcement this morning at American Iron and Steel Institute (AISI) member company. Cleveland-Cliffs, and AISI member company, SSAB Americas, have both been selected by DOE for award negotiations for innovative steelmaking technology projects they are developing. AISI President and CEO Kevin Dempsey applauded the initiative, and the leadership of AISI member companies:
This announcement by DOE is recognition of the leadership of the American steel industry in reducing greenhouse gas (GHG) emissions and producing the cleanest steel in the world. AISI member companies are developing innovative technologies to enhance steelmaking in the United States, where we already produce steel that is less GHG emissions-intensive than foreign steel. We are proud that AISI members Cleveland-Cliffs and SSAB Americas were selected to partner with DOE to continue leading the way with revolutionary technologies. The American steel industry, and the manufacturing sector as a whole, have made significant investments in cleaner and more sustainable production processes.
Courtesy of American Iron and Steel Institute.