Page 56 - Plastics News Issue October 2025
P. 56
INTERNATIONAL NEWS
US MAY SCRAP BILLIONS OF DOLLARS IN FUNDING
FOR CLEAN ENERGY PROJECTS
hite House budget director Russell Last week, the Department of Energy (DOE) an-
Vought said last week that the ad- nounced plans to cancel USD 7.56 billion in fi-
Wministration would terminate near- nancing for hundreds of energy projects it said
ly USD 8 billion in climate-related funding in 16 would not provide sufficient returns to taxpay-
Democratic-led states. ers.
The Energy Department is also considering re-
scinding a USD 32 million award to Hyundai Mo-
bis which operates a Stellantis supplier in Ohio to
produce plug-in hybrid components and battery
packs and USD 89 million for Harley-Davidson
expand its York, Pennsylvania plant for EV mo-
torcycle manufacturing.
Also on the list is a USD 80 million award for
Blue Bird to convert a former Georgia plant to
The US government is considering cancelling bil- build electric school buses; and USD 75 million
lions of dollars in funding for clean energy pro- to engine company Cummins to convert part of
grams, including awards for auto manufacturing an existing Indiana plant to make zero-emission
and carbon capture, according to a list of tar- components and electric powertrain systems.
geted projects seen by Reuters.
The DOE also is considering cutting USD 208
Projects on the list include two major direct air million for the Volvo Group to upgrade plants in
capture hubs that received billion-dollar awards Maryland, Virginia and Pennsylvania to increase
from former President Joe Biden's administra- EV production capacity.
tion, including one that involves oil company Oc- The Energy Department said in a statement it
cidental.
"continues to conduct an individualised and
Also on the list is USD 500 million awarded last thorough review of financial awards made by
year to General Motors to convert its Lansing the previous administration. No determinations
Grand River Assembly Plant in Michigan to EVs; have been made other than what has been pre-
USD 335 million for Stellantis to convert the shut- viously announced."
tered Belvidere Assembly plant in Illinois to build Occidental, GM, Harley-Davidson and Stellantis
mid-size electric trucks; and USD 250 million for declined or did not immediately comment.
Stellantis to convert its Indiana Transmission
Plant in Kokomo to produce EV components. The total sum of the grants in question was un-
56 PLASTICS NEWS October 2025
