Century Aluminum closes funding with the U.S. Department of Energy’s Office of Clean Energy Demonstrations. (DOE) to initiate discussions aimed at obtaining up to $500 million in financing for its ambitious smelter project.
Century Aluminum closes essential financing
As announced by DOE, this funding will be deployed under the “Bipartisan Infrastructure Act and the Inflation Reduction Act,” under the Industrial Demonstrations Program, with the goal of boosting industry and promoting more sustainable practices.
Some of Century Aluminum’s operational bases, to be located in the Ohio and Mississippi river basins, is one of 33 projects selected in more than 20 states to receive financial support.
Among the main economic development objectives, the financing is intended to boost local economies, generate and maintain high-quality jobs and, above all, reduce greenhouse gas emissions.
The project of Century Aluminum project, which aims to establish the first new primary aluminum smelter in the United new primary aluminum smelter in the United States in more than four decades, which could potentially double the current size of the country’s primary aluminum industry.
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Source: Minning Technology
Photo: Shutterstock
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