The Biden administration last year pledged up to $1 billion to help build two pioneering green steel projects in the United States, as part of a broader push to clean up the nation’s dirtiest industries.
Now, the steelmaker behind one of the initiatives — a hydrogen-fueled facility proposed in Mississippi — has quietly withdrawn from federal award negotiations, and the future of the project remains unclear.
In March 2024, the U.S. Department of Energy (DOE) announced up to $6 billion in awards for commercial-scale projects that demonstrate technologies for slashing emissions from the furnaces, refineries, smelters, and factories that produce America’s industrial materials. Swedish steelmaker SSAB was in the running to receive up to $500 million for the Mississippi plant. Cleveland-Cliffs was also selected for a $500 million award…
