The Energy Department’s Loan Programs Office announced an initial commitment on Tuesday to provide $182.6 million to support projects aimed at lowering steelmaking emissions.
The conditional commitment to IRG Erie for a loan guarantee is the latest in a string of recent announcements from the office, which is working to finance projects during the dwindling days of President Joe Biden’s term.
The conditional commitment would finance the construction of a plastics recycling facility in Erie, Pennsylvania, as well as an injection system tower at a steel manufacturing facility in Indiana.
Both facilities will be located in disadvantaged communities, supporting the Biden administration’s efforts to invest in communities often left out of investment opportunities or overburdened by pollution.
