The US Department of Energy (DOE) has recently announced plans to make US$122 million in federal funding available for cost-shared research and development under the funding opportunity announcement (FOA) Carbon Ore, Rare Earth, and Critical Minerals (CORE-CM) Initiative for US Basins.
Secretary of Energy, Dan Brouillette, commented: “These projects have an important role; they will help develop a viable domestic supply of these resources while creating new market opportunities for coal.”
This funding is a part of the CORE-CM Initiative, which is sponsored by DOE’s Office of Fossil Energy. This initiative for US basins is intended to catalyse regional economic growth and job creation by realising the full value of natural resources, including coal, across basins throughout the nation.
“We’re excited about the path forward with this initiative,” added Assistant Secretary for Fossil Energy, Steven Winberg. “CORE-CM has been specifically designed to develop the upstream and midstream critical minerals supply chain and enable the downstream manufacturing of high-value, nonfuel, carbon-based products. This will help us realise the full potential for carbon ores and critical minerals within US basins.”
Projects under this FOA will be developed by coalition teams of private industry, university, and state, local, and federal government personnel. They will design a multi-year effort to be implemented in three phases.
Read the article online at: https://www.worldcoal.com/coal/23092020/doe-announces-us122-million-to-produce-rare-earth-elements-and-critical-minerals/