US announces $6 billion in grants to decarbonize heavy industry

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By Timothy Gardner WASHINGTON (Reuters) -The Biden administration said on Wednesday it is directing $6 billion in funding to speed decarbonization projects in energy-hungry industries like steel, aluminum and cement making that contribute nearly 25% of U.S. greenhouse gas emissions. The Industrial Demonstrations Program will provide competitive grants to technology developers, industry, universities and others for up to 50% of the cost of projects that aim to cut emissions from industry that also includes production of chemicals, ceramics and paper, the Department of Energy (DOE) said. The pro…

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