US offers record $6b funding to hard-to-abate sectors

Largest investment to date will support emission reduction projects across multiple sectors including refining, steel and cement

The US Department of Energy (DOE) has unveiled America’s largest ever investment in industrial decarbonisation, with a commitment of up to $6b to support 33 projects in energy intensive sectors including cement, steel and refining. The projects, which span across 20 US states, are designed to deliver combined CO₂ reductions of more than 14mt/yr. They form part of the Industrial Demonstrations Program, managed by the DOE’s Office of Clean Energy Demonstrations. The projects represent total investments of about $20b when private sector capital is factored in, the DOE said. Funding awards will be subject to the outcome of negotiations with the government. “These investments will slash emissions