Steel Trade Body Applauded DOE Industrial Decarbonisation Initiative

SEATTLE (Scrap Monster): The American Iron and Steel Institute applauded the decision by the U.S. Department of Energy (DOE) to provide funding of up to $6 billion for projects from energy-intensive sectors including iron and steel, as part of its industrial decarbonisation initiative.

In a statement, Kevin Dempsey, President and CEO, AISI applauded the initiative announced by the DOE Secretary Jennifer Granholm and the leadership of AISI member companies for their innovative decarbonisation projects. It must be noted that the member companies Cleveland-Cliffs and SSAB Americas were selected for award negotiations for innovative steelmaking technology projects that are currently under development.

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Dempsey noted that the DOE’s announcement recognizes the leadership of the American steel industry in reducing greenhouse gas (GHG) emissions and producing the cleanest steel in the world. The American manufacturing industry as a whole, steel industry in particular, have been making significant investments in cleaner and more sustainable production processes. The industry looks forward to implement these and many more initiatives by working with the administration, he added.

Incidentally, the industrial sector accounts for nearly one third of the overall U.S. greenhouse gas emissions.