The U.S. is going to build its first primary aluminium smelter in 45 years. The Biden-Harris administration has awarded $500 million to Century Aluminum towards the construction of a new "green" low-carbon smelter. The aim is to halt what U.S. consumers such as Ford Motor and PepsiCo have described as a crisis in a sector that has shrunk from 19 to just four operating domestic plants over the last two decades.
An aluminum company has singled out northeastern Kentucky as its preferred site for a new aluminum smelter that would bring about 1,000 permanent jobs to an Appalachian region hard hit by the loss of coal and steel production, Gov. Andy Beshear said Monday. Plans by Century Aluminum Co. to build a smelter that produces dramatically lower emissions will be supported by $500 million from the U.S. Department of Energy. The project has the potential to become the largest investment on record in eastern Kentucky, Beshear said.
CHICAGO, March 25, 2024 (GLOBE NEWSWIRE) -- Today, Century Aluminum Company (NASDAQ: CENX) (“Century”) was selected by the U.S. Department of Energy (“DOE”) 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 (“IDP”). Century’s Green Aluminum Smelter Project is one of 33 projects across more than 20 states to re