Cleveland-Cliffs Submits Application for Front-End Engineering Design for Large-Scale Carbon Capture
December 07 2022 - 07:43AM
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.
About Cleveland-Cliffs Inc.
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.
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Media contact: Patricia Persico Senior Director,
Corporate Communications (216) 694-5316 Investor contact:
James Kerr Manager, Investor Relations (216) 694-7719
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