Century Aluminum to Receive $500 Million from DOE for Green Aluminum Project
Century Aluminum will receive $500 million from the U.S. Department of Energy to build a new aluminum smelter powered by renewable energy, aiming to produce low-carbon aluminum.
Source Intelligence
The project aims at doubling the size of the current US primary aluminium industry. "Century Aluminum plans to utilise the amount for building the first new US primary aluminium smelter in 45 years, aiming at doubling the size of the current US primary aluminium industry and strengthening domestic economies and its position in the global market." The project aims to create more than 1,000 full-time direct jobs and over 5,500 contractual jobs. "Century Aluminum desires to build this new smelter at a site within the Ohio/Mississippi River Basin, aiming to create more than 1,000 full-time direct jobs and over 5,500 contractual jobs." The U.S. Department of Energy will disburse a total fund of $650 million across four major projects. "The U.S. Department of Energy has selected four major projects that will decarbonise aluminium operations in the United States. The total fund that it will disburse is $650 million."
"Century Aluminum announced it would get up to $500 million from the U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations as part of the Industrial Demonstrations Program (IDP)."
"Century’s Green Aluminum Smelter Project is selected for $500 million funding by the U.S. Department of Energy"
"Century Aluminum will get a lion's share, followed by Constellium $75 million"
"Golden Aluminum $22.3 million"
"Real Alloy $67.3 million"
Global Infrastructure Sherpa