United States Steel Corp. has said that it may apply for a portion of $6 billion in funding for industrial decarbonization projects recently announced by the Biden administration.
The Department of Energy is making the $6 billion total funding available through the Bipartisan Infrastructure Law and the Inflation Act. The funding, named the Industrial Decarbonization Programme, is aimed at finding ways to make energy-intensive industries like steelmaking, aluminium, cement and concrete less emissions heavy.
“We are evaluating the funding opportunity.”Amanda Malkowski, US Steel spokeswoman
“We are evaluating the funding opportunity,” said US Steel spokeswoman Amanda Malkowski.
US Steel is one of the largest employers in the Pittsburgh region, and is currently working to decarbonize its operations through several routes, including a recently announced memorandum of understanding with CarbonFree on a potential commercial-scale project at Gary Works.
US Steel CEO David S. Burritt and SVP/chief sustainability officer Richard L. Freuhauf met with top climate officials in the Biden administration about potential decarbonization strategies and the funding that is being made available.
“As we look to the future, we’re focused on being at the forefront of the steel industry’s efforts to curb climate change.”David S. Burritt, US Steel CEO
“As we look to the future, we’re focused on being at the forefront of the steel industry’s efforts to curb climate change,” said Burritt in a statement following the discussion. “We appreciate the president’s leadership, and look forward to continuing our discussions with the Biden administration.”
Source: The Business Journals