Biden Administration Allocates Billions in Funding to Manufacturing Giants for Green Initiatives, O-I Glass Secures $125M in Clean Energy Funding, Heidelberg Materials' Cement Plant Receives $500M for Carbon Capture
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The Biden administration is taking significant steps to support the reduction of carbon emissions in the manufacturing sector. The U.S. Department of Energy (DOE) has announced that it will provide up to $6 billion in funding to 33 projects across 20 states . These projects aim to promote sustainable practices and decarbonization in various industries.
One of the recipients of this 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 .
Another major steel producer, SSAB, has been granted up to $500 million to support its green hydrogen-based steel production....
#newstr #BidenAdministration #CarbonEmissions #ManufacturingSector #CleanEnergyFunding #OiGlass #HeidelbergMaterials #CementPlant #CarbonCapture #CarbonStorage #Decarbonization