Search

The U.S. Department of Energy (DOE) has chosen 33 projects to receive up to $6 billion in funding to address carbon emissions in "difficult-to-decarbonize" sectors such as cement, concrete, iron, and steel. This program, announced by Energy Secretary Jennifer Granholm, is the largest investment in industrial decarbonization in U.S. history and aims to reduce over 14 million metric tons of carbon dioxide emissions per year. The funding comes from the Inflation Reduction Act and the Infrastructure Investment and Jobs Act, with additional private sector financing bringing the total project funding to over $20 billion. The selected projects cover a range of industries, including chemicals, refining, cement, concrete, iron, steel, aluminum, metals, food and beverage, glass, projectheat, and pulp and paper. Five projects received the largest allocation of $500 million, including a cement plant decarbonization project by Heidelberg Materials U.S. Inc. and a hydrogen-fueled, zero-emissions steel-making project by SSAB Americas. Another recipient, Cleveland-Cliffs Steel Corp., plans to build a hydrogen-ready, direct reduced iron plant and electric melting furnace installation. Denmark-based Orsted will receive $100 million for a project in Texas Gulf Coast to produce "e-methanol" using green hydrogen and captured CO2. [Extracted from the article]

McCarthy Building Cos. has chosen to standardize its subcontractor payments on the Oracle Textura Payment Management system. The company made this decision due to Textura's ability to handle large volumes of payments and manage lien waivers and compliance. McCarthy's previous system relied on paper checks and Excel, which proved to be time-consuming. While some subcontractors have expressed concerns about the switch, the majority have found the new system to be beneficial. This move towards cloud-based construction payments reflects a broader trend among prime contractors in response to the COVID-19 pandemic. [Extracted from the article]