The Biden administration said on Thursday it has offered Monolith Nebraska LLC an up to $1.04 billion conditional loan guarantee for a project to make clean hydrogen, in its first use of an office that has tens of billions of dollars in financing.
The financing from the Department of Energy's Loan Programs Office aims to help Monolith expand its Olive Creek plant to convert natural gas into hydrogen for making products like fertilizer. The plant will also make carbon black, a product used in making tires and other rubber products. The project aims to slash carbon emissions by cutting the use of fuel oil to make those products, the department said.
Under the reins of director Jigar Shah, the LPO has now attracted more than 66 loan and loan guarantee applications, valued at more than $53 billion in clean energy and advanced vehicle technology projects, the LPO said.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
AT&T sells Xandr ad business to Microsoft for $1 billionAT&T Inc. agrees to sell its Xandr division to Microsoft Corp. after giving up on its dream of becoming a major player in online advertising.
Weiterlesen »
I'm 37, I Have A Joint Income Of $190,000 & My Net Worth Is Over $1 Million'I end up ordering a bunch of stuff from Target (started out with a Christmas book for D. and ended up with seven books for me (they are all on sale today so I am saving money maybe), a hat and gloves for D., and family Christmas pajama pants. $191.12'
Weiterlesen »
President Biden to ABC's David Muir: 'I haven't given up' on Build Back Better bill
Weiterlesen »
Supreme Court schedules January 7 oral arguments in challenges to Biden vaccine mandatesThe Supreme Court said Wednesday it is scheduling oral arguments for January 7 in the cases challenging the Biden administration's vaccine mandates for large employers and certain health care workers.
Weiterlesen »
Biden tries COVID cajoling, avoids new decrees that divide | AP NewsWASHINGTON (AP) — President Joe Biden’s message to the American people on confronting omicron comes with a heavy dose of cajoling, while some other countries are issuing edicts to their citizens as the new coronavirus variant takes over with breathtaking speed.
Weiterlesen »
Biden extends pause on student loan payments, while progressives push to cancel them outrightPresident Biden announced that his administration will extend a pandemic-related pause on student loan repayments for an additional 90 days, giving borrowers until May 1 before payments restart.
Weiterlesen »