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Released March 26, 2024 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Department of Energy (DOE) announced Monday up to $6 billion for 33 projects across more than 20 states to decarbonize energy-intensive areas of the U.S. economy--including the Metals & Minerals and Chemical Processing industries--using funds from the 2021 Infrastructure Law and 2022 Inflation Reduction Act. Among the companies set to implement qualifying carbon-reduction projects are Cleveland-Cliffs (NYSE:CLF) (Cleveland, Ohio), Century Aluminum Incorporated (NASDAQ:CENX) (Chicago, Illinois), Constellium SE (NYSE:CSTM) and Eastman Chemical (NYSE:EMN) (Kingsport, Tennessee). Industrial Info is tracking progress at these and other affected facilities.
"The projects [receiving funds] will focus on the highest-emitting industries where decarbonization technologies will have the greatest impact, including aluminum and other metals, cement and concrete, chemicals and refining, iron and steel, and more," the DOE said in a press release. "Together, the projects are expected to reduce the equivalent of more than 14 million metric tons of carbon dioxide (CO2) emissions each year--an amount equivalent to the annual emissions of 3 million gasoline-powered cars."
U.S. Energy Secretary Jennifer Granholm planned to unveil the awards during a visit to Cleveland-Cliffs' Steel Works Plant in Middletown, Ohio, where the company hopes to replace its existing blast furnace with a hydrogen-ready, direct-reduced iron (DRI) plant and a pair of electric melting furnaces, to feed molten iron to the existing infrastructure, according to Cleveland-Cliffs. The steel producer also aims to replace a pair of natural-gas fired, high-temperature slab reheat furnaces at its Steel Works Plant in Butler, Pennsylvania, with four electrified induction slab-reheat furnaces. Altogether, Cleveland-Cliffs is expected to receive up to $575 million in funds from the DOE.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Plant Databases can read detailed profiles of the Middletown and Butler plants.
Century Aluminum could receive up to $500 million to build what would be the first new primary aluminum smelter in the U.S. in nearly 50 years. The company already is planning a 125,000-ton-per-year secondary aluminum billet facility in Louisville, Ohio, which would use recycled content and low-carbon processes; it is unknown how this project would be affected by a new primary smelter. Subscribers can read a detailed report on the secondary aluminum billet facility and click here for a list of active and planned Century Aluminum plants in the U.S.
Constellium could receive up to $75 million for the implementation of decarbonization technology at its aluminum sheet and plate mill in Ravenswood, West Virginia. The company aims to install SmartMelt furnaces at the Ravenswood casthouses, the plant's most energy-intensive operation; Constellium says the proposed furnaces "can operate using a range of fuels, including clean hydrogen." Subscribers can learn more from a detailed plant profile.
In the Chemical Processing Industry, Eastman Chemical could receive up to $375 million to build a second U.S.-based molecular recycling facility at its complex in Longview, Texas. Last year, Eastman announced it aimed to add three units at Longview to produce 150,000 tons per year of polyethylene terephthalate (PET) from recovered polyesters and mixed textiles. The first unit would sort out PET from waste, the second unit would break down the recovered polyester resin into monomers using methanolysis, and the third unit would repolymerize the monomers to produce PET. Subscribers can learn more from a detailed project report and plant profile.
Other corners of the economy set to receive funds include the Food & Beverage Industry. The Kraft Heinz Company (NASDAQ:KHC) (Chicago, Illinois) will receive up to $170 million to install heat pumps, electric heaters and electric boilers to decarbonize food production at 10 facilities. These include the company's confectionery plant in Kendallville, Indiana, which already is at work on a major production line revamp. Subscribers can read a detailed project report on the revamp, and click here for a list of profiles for the 10 affected plants.
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
"The projects [receiving funds] will focus on the highest-emitting industries where decarbonization technologies will have the greatest impact, including aluminum and other metals, cement and concrete, chemicals and refining, iron and steel, and more," the DOE said in a press release. "Together, the projects are expected to reduce the equivalent of more than 14 million metric tons of carbon dioxide (CO2) emissions each year--an amount equivalent to the annual emissions of 3 million gasoline-powered cars."
U.S. Energy Secretary Jennifer Granholm planned to unveil the awards during a visit to Cleveland-Cliffs' Steel Works Plant in Middletown, Ohio, where the company hopes to replace its existing blast furnace with a hydrogen-ready, direct-reduced iron (DRI) plant and a pair of electric melting furnaces, to feed molten iron to the existing infrastructure, according to Cleveland-Cliffs. The steel producer also aims to replace a pair of natural-gas fired, high-temperature slab reheat furnaces at its Steel Works Plant in Butler, Pennsylvania, with four electrified induction slab-reheat furnaces. Altogether, Cleveland-Cliffs is expected to receive up to $575 million in funds from the DOE.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Plant Databases can read detailed profiles of the Middletown and Butler plants.
Century Aluminum could receive up to $500 million to build what would be the first new primary aluminum smelter in the U.S. in nearly 50 years. The company already is planning a 125,000-ton-per-year secondary aluminum billet facility in Louisville, Ohio, which would use recycled content and low-carbon processes; it is unknown how this project would be affected by a new primary smelter. Subscribers can read a detailed report on the secondary aluminum billet facility and click here for a list of active and planned Century Aluminum plants in the U.S.
Constellium could receive up to $75 million for the implementation of decarbonization technology at its aluminum sheet and plate mill in Ravenswood, West Virginia. The company aims to install SmartMelt furnaces at the Ravenswood casthouses, the plant's most energy-intensive operation; Constellium says the proposed furnaces "can operate using a range of fuels, including clean hydrogen." Subscribers can learn more from a detailed plant profile.
In the Chemical Processing Industry, Eastman Chemical could receive up to $375 million to build a second U.S.-based molecular recycling facility at its complex in Longview, Texas. Last year, Eastman announced it aimed to add three units at Longview to produce 150,000 tons per year of polyethylene terephthalate (PET) from recovered polyesters and mixed textiles. The first unit would sort out PET from waste, the second unit would break down the recovered polyester resin into monomers using methanolysis, and the third unit would repolymerize the monomers to produce PET. Subscribers can learn more from a detailed project report and plant profile.
Other corners of the economy set to receive funds include the Food & Beverage Industry. The Kraft Heinz Company (NASDAQ:KHC) (Chicago, Illinois) will receive up to $170 million to install heat pumps, electric heaters and electric boilers to decarbonize food production at 10 facilities. These include the company's confectionery plant in Kendallville, Indiana, which already is at work on a major production line revamp. Subscribers can read a detailed project report on the revamp, and click here for a list of profiles for the 10 affected plants.
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
