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Biden set to award billions to decarbonize US heavy industry

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(Bloomberg) -- The Biden administration is poised to award as much as $6.3 billion in dozens of grants to help hard-to-decarbonize industries cut emissions, ...

— The Biden administration is poised to award as much as $6.3 billion in dozens of grants to help hard-to-decarbonize industries cut emissions, according to people familiar with the matter.China Scrutinizes PwC Role in $78 Billion Evergrande Fraud Case

Among those, Cleveland-Cliffs Inc. is proposing to make steel using hydrogen, as well as another project to expand production of the metal for electrical transformers and electric-vehicle motors at its Butler Works plant north of Pittsburgh, according to one of the people. Century Aluminum Co., based in Chicago, was encouraged to proceed on at least two different proposals, including construction of the first primary smelter for the energy-intensive metal in the US in decades, the person said.

Tesla challenger Fisker, flirting with bankruptcy, gets both a design award and another scathing review in the same week

 

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