AMNS Calvert expansion gets funding boost from DOE [Video]

CALVERT, Ala. (WALA) – A planned steel manufacturing facility near Mobile got a major boost in funding earlier this week from the U.S. Department of Energy.

ArcelorMittal Calvert, wholly owned by ArcelorMittal, is planning an advanced manufacturing facility in Calvert that could deliver 150,000 metric tons of domestic production capacity of non-grain-oriented electrical steel (NOES).

The DOE announced the project would receive more than $280 million in investment tax credits as part of the Qualifying Advanced Energy Project Credit Program.

That program provides a tax credit of up to 30% for investments in advanced energy projects and is designed to support domestic, clean energy supply chains. A facility is already currently in place, but the new plans will allow for a different type of steel to be manufactured.

Expansion plans for the facility is expected to create up to 260 permanent jobs and 1,300 construction jobs during the project.

The current facility …