Biden Administration Provides Billions in Funding to Manufacturing Giants for Green Initiatives
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The Biden administration is allocating billions of dollars in funding to support the reduction of carbon emissions in the manufacturing sector. The U.S. Department of Energy (DOE) is granting up to $6 billion to 33 projects across 20 states . These projects aim to promote sustainable practices and decarbonization in various industries.
Among the recipients of the funding is the Dow Chemical Company, which will receive up to $95 million to construct a facility dedicated to producing components for electric vehicle batteries using captured carbon. This initiative will contribute to the advancement of green technologies in the automotive industry .
SSAB, a major steel producer, has been granted up to $500 million to support its green hydrogen-based steel production. This funding will enable...
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