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Biden to Invest $6 Billion in Decarb Projects

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The Department of Energy will invest approximately $6 billion to accelerate decarbonization projects in American industrial sectors, including steel and aluminum. Funded through the Infrastructure and Inflation Reduction Act, DOE’s Industrial Demonstrations Program will focus on energy-intensive industries where decarbonization technologies have the greatest impact, such as iron and steel, aluminum, cement and concrete, chemicals, and pulp and paper.

The projects are being launched in these industries as part of the president's goal of a net-zero carbon economy by 2050. The investments will help strengthen and secure America’s global leadership in manufacturing for decades to come, the administration claims.

"The industrial sector is critical to ensuring that America leads in building a clean energy economy and tackling the climate crisis. We can harness cleaner steel, aluminum, and concrete to build electric vehicles, wind turbines, solar farms, and sustainable transportation infrastructure with an even smaller environmental footprint. Now we have tools to make those cleaner materials, and as we electrify our economy, an increasingly cleaner grid will help slash emissions from the industrial sector," a release from the White House said.

Similarly, the administration launched the Federal-State Buy Clean Partnership with commitments from 12 leading states to prioritize efforts that support procurement of lower-carbon infrastructure materials. in state-funded projects.  California, Colorado, Hawaii, Illinois, Maine, Maryland, Massachusetts, Michigan, New Jersey, New York, Oregon and Washington have signed on.