Published by Todd Bush on December 7, 2022
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced that its initial phase of research being conducted with funding from the U.S. Department of Energy’s (DOE) Office of Clean Energy Demonstrations (OCED) is coming to a close. Based on the results of the initial study, Cleveland-Cliffs has submitted an application on Monday, Dec. 5 for funding from the DOE’s OCED for the next phase of research for the front-end engineering design (FEED) for large-scale carbon capture at its Burns Harbor integrated iron and steel facility located in Northwest Indiana.
The Company’s Burns Harbor project aims to capture up to 2.8 million tons of CO2 per year from blast furnace gas with a net carbon capture efficiency of at least 95%. The proposed FEED would be completed over a period of 24 months. The study would be funded 50 percent by Cleveland-Cliffs and 50 percent by the DOE through the Bipartisan Infrastructure Law appropriations, which is part of a broader government approach to fund domestic commercial-scale Carbon Capture and Sequestration technology.
Cleveland-Cliffs has existing technical partnerships with the DOE and is the only American steel producer participating in the DOE Better Climate Challenge initiative. The Company is the largest industrial energy user in the DOE’s Better Plants program. Through DOE's Better Climate Challenge, organizations join a network of market leaders that are stepping forward to work with DOE to plan for their organization's future success by reducing GHG emissions and sharing replicable pathways to decarbonization.
Cleveland-Cliffs is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cliffs also is the largest manufacturer of iron ore pellets in North America. The Company is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling, and tubing. We are the largest supplier of steel to the automotive industry in North America and serve a diverse range of other markets due to our comprehensive offering of flat-rolled steel products. Headquartered in Cleveland, Ohio, Cleveland-Cliffs employs approximately 27,000 people across its operations in the United States and Canada.
Contacts
Media contact:
Patricia Persico
Senior Director, Corporate Communications
(216) 694-5316
Investor contact:
James Kerr
Manager, Investor Relations
(216) 694-7719
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside this Issue 🎯 Carbon Clean Achieves Fabrication Milestone on Flagshipone With the Project’s First Carbon Capture Unit Module 🚍 Powering Clean Commutes: Ballard and Wrightbus Team Up for Hydr...
Inside this Issue 💰 FuelCell Energy Announces Debt Financing for Derby Power Projects ⚛️ Plug Power's Expansion Accelerates Green Hydrogen Economy 📝 Zefiro Registers its First Methane Reduction Pr...
Inside this Issue 🏭 Nel ASA: Hy Stor Energy Places Gigawatt Capacity Reservation for Mississippi Clean Hydrogen Hub 🛺 Gearing Up for a Green Highway: Air Products Paves the Way for Hydrogen Transp...
LATHAM, N.Y., May 03, 2024 (GLOBE NEWSWIRE) -- [Plug Power Inc.](https://plugpower.com) (NASDAQ: PLUG), a _global leader in comprehensive hydrogen solutions for the green hydrogen economy_, announc...
Hyundai Motor Spearheads U.S. Zero-Emission Freight Transportation with NorCAL ZERO Project Launch
* Hyundai Motor celebrates the official launch of the NorCAL ZERO Project to bring zero-emission freight transportation to the San Francisco Bay Area and California's Central Valley * Hy...
Air Products to Showcase Decarbonization Solutions for Iron and Steel Production at AISTech2024
_Air Products Foundation will Donate up to $15,000 to the AIST Foundation_ LEHIGH VALLEY, Pa., May 2, 2024 /PRNewswire/ -- [Air Products](https://www.airproducts.com) (NYSE:APD) will showcase **...
Copenhagen Infrastructure Partners and Uniper Enter Hydrogen Partnership
**Copenhagen Infrastructure Partners (CIP), through its Energy Transition Fund, and Uniper have signed a memorandum of understanding to strengthen collaboration on bringing green hydrogen from CIP’...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.