Deals Counterparts

Century Aluminum to Receive $500 Million from DOE for Green Aluminum Project

Financing Green Aluminum announced United States Mar 21, 2024
USD500M
Deal Value
development
Stage
Green Aluminum Smelter Project
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

KEY DETAILS

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."

Deal Size
Century’s Green Aluminum Smelter Project is selected for $500 million funding by the U.S. Department of Energy
Location
Century Aluminum desires to build this new smelter at a site within the Ohio/Mississippi River Basin
Announcement
On Monday, March 25, 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).
PARTIES MENTIONED IN SOURCE
C
Century Aluminum recipient

"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)."

U
U.S. Department of Energy investor

"Century’s Green Aluminum Smelter Project is selected for $500 million funding by the U.S. Department of Energy"

C
Constellium recipient

"Century Aluminum will get a lion's share, followed by Constellium $75 million"

G
Golden Aluminum recipient

"Golden Aluminum $22.3 million"

R
Real Alloy recipient

"Real Alloy $67.3 million"

high quality Enriched Feb 19, 2026

Timeline

Announced
Mar 21, 2024
Signed
Closed
1 of 1 Green Aluminum deals tracked this month · Updated daily

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