O-I Glass selected by DOE to receive $125M investment for IDP funding

O-I Glass, Inc. was selected by the U.S. Department of Energy Office of Clean Energy Demonstrations to begin award negotiations for up to $125M in Bipartisan Infrastructure Law and Inflation Reduction Act funding as part of the Industrial Demonstrations Program. The O-I decarbonization project was selected as one of 33 projects across more than 20 states to receive up to a total of $6B 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 harmful emissions that jeopardize public health. The Glass Furnace Decarbonization Technology project, led by O-I Glass, plans to rebuild four furnaces across three of its facilities in California, Ohio, and Virginia to reduce scope 1 carbon dioxide emissions by an estimated 48,000 metric tons per year, an average of 40% reduction of scope one emissions across the four furnaces and their corresponding production lines.