Cleveland-Cliffs Secures $575 Million DOE Funding for Decarbonization Projects
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The U.S. Department of Energy (DOE) is in talks to provide up to $575 million in funding to Cleveland-Cliffs Inc. for two decarbonization projects . The funding aims to reduce greenhouse gas emissions and enhance operational efficiencies. The Middletown Works in Ohio could receive up to $500 million to replace its blast furnace with a Hydrogen-Ready Direct Reduced Iron (DRI) plant and Electric Melting Furnaces. The Butler Works in Pennsylvania is slated for a grant of up to $75 million to replace reheat furnaces with Electrified Induction Slab Reheat Furnaces .
These projects are part of the government's broader efforts to support the transition to cleaner and more sustainable practices in heavy industries. By replacing traditional furnaces with more efficient and environmentally friendly...
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