May 24, 2024

Taylor Daily Press

Complete News World

The US has announced a $6 billion grant to decarbonize heavy industry

The US has announced a $6 billion grant to decarbonize heavy industry

The Biden administration said Wednesday it would allocate $6 billion to accelerate plans to decarbonize energy-hungry industries like steel, aluminum and cement, which account for nearly 25% of America’s greenhouse gas emissions.

The Industrial Demonstration Program will provide competitive grants to technology developers, industry, universities and others for up to 50% of the cost of projects aimed at reducing emissions from industries including chemicals, ceramics and paper manufacturing, the department said. of Energy (DOE).

The plan is part of President Joe Biden’s pledge to decarbonize the US economy by 2050.

U.S. Energy Secretary Jennifer Granholm said the plan would help reduce pollution while ensuring the competitiveness of U.S. industry.

Granholm said at the Seraweek conference in Houston about the plan, which aims to fund projects at existing and new plants.

Decarbonization technologies “need to be something we can learn from and then replicate and scale that technology,” Granholm said.

The funding comes from the infrastructure bill President Joe Biden signed in 2021 and the inflation control bill he signed last year.

Expressions of interest in the grants will be sent by April 21 and full applications by August 4, the DOE said.

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