Century Aluminum Company was selected by the U.S. Department of Energy Office of Clean Energy Demonstrations to begin award negotiations for up to $500 million in Bipartisan Infrastructure Law and Inflation Reduction Act funding to build a new aluminum smelter as part of the Industrial Demonstrations Program. Century’s Green Aluminum Smelter Project is one of 33 projects across more than 20 states to receive funding designed to demonstrate commercial-scale decarbonization solutions needed to move energy-intensive industries toward net-zero while strengthening local economies, creating, and maintaining high-quality jobs, and slashing greenhouse gas emissions. With the help of this funding, Century plans to build the first new U.S. primary aluminum smelter in 45 years. Upon completion, the smelter would double the size of the current U.S. primary aluminum industry. Century expects to build this new smelter at a site within the Ohio/Mississippi River Basins. This project is expected to create more than 1,000 full-time jobs represented by the United Steelworkers and over 5,500 construction jobs. Century plans to collaborate with job training organizations and local technical colleges to recruit and train employees from the local community where the smelter is located.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CENX:
- Century Aluminum Selected by U.S. Department of Energy to Receive $500 Million Investment to Build New Green Aluminum Smelter to Accelerate Industrial Decarbonization
- Century Aluminum, MX Holdings to form JV for low carbon secondary billet
- MX Holdings and Century Aluminum Announce Their Intent to form a New Joint Venture, Focusing on the Casting of Low Carbon Secondary Billet
- Jesse Gary, Century’s President and CEO, to participate in BMO 2024 Global Metals, Mining & Critical Minerals Conference
- Century Aluminum sees Q1 adjusted EBITDA of $5M-$15M