Market for ‘green steel’ and low-carbon cement is growing, DOE says

By Brian Dabbs | 11/19/2024 06:38 AM EST

But upfront capital investment needed to shift from fossil fuels to cleaner energy is a major hurdle for heavy industry.

Steel sheet coils in a factory.

Steel sheet coils in a factory are shown. iStock

The Department of Energy on Monday laid out its blueprint for achieving large-scale carbon emissions cuts in the industrial sector, which it says will boost U.S. jobs and global competitiveness.

“The market for low-carbon materials such as green steel and low-carbon cement is growing,” said the report, published in the final months of the Biden administration. “The next few years are vital for building the momentum needed to propel the economy forward over the coming decades.”

To build momentum for greening heavy industry, the the DOE report urges progress toward low-cost clean electricity, raw material substitutions, hydrogen, carbon capture, energy efficiency and smart controls, artificial intelligence and electricity-produced industrial heat. It also encourages permitting reform and more government purchases of low-carbon industrial products.

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DOE acknowledged the emissions challenges facing heavy industry.

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