7 projects aimed at decarbonization of the steel industry will receive $37 million

The administration of US President Joe Biden plans to allocate about $254 million to finance projects aimed at reducing CO2 emissions in heavy industry, including the steel and cement industries. Reuters reports this with reference to data from the US Department of Energy.

About 50 projects in 21 states will receive $171 million to accelerate decarbonization. Another $83 million will be used to reduce emissions in industries that are difficult to decarbonize. The agency has already begun the process of applying for the relevant funding.

«These funds will help advance the innovative technologies needed to reduce costs and improve energy efficiency in America’s factories and industrial centers,» comments U.S. Secretary of Energy Jennifer Granholm.

10 projects to decarbonize industrial heating will receive $25 million, 6 projects to decarbonize commercial heating and hydrogen-fueled energy will receive $21 million, and 6 projects to decarbonize the chemical industry will also receive $21 million.

7 projects aimed at decarbonizing the steel industry, including overcoming problems with the use of hydrogen in steel production, will receive $37 million.

As GMK Center reported earlier, the US plans to invest $2 billion in more than 150 federal construction projects in 39 states that use materials that minimize carbon emissions. The US General Services Administration will prioritize procurement of asphalt, concrete, glass and steel that have lower greenhouse gas emissions associated with their production, use and disposal. $388 million is earmarked for steel products.