WASHINGTON (dpa-AFX) - Century Aluminum Co. (CENX) Monday said it was
selected by the U.S. Department of Energy or DOE for a $500 million investment
to build new green aluminum smelter, with a view to accelerating industrial
decarbonization.

In pre-market activity on Nasdaq, Century Aluminum shares were gaining around
5.1 percent to trade at $13.90.

The DOE Office of Clean Energy Demonstrations, as part of the Industrial
Demonstrations Program or IDP, would begin award negotiations for up to $500
million in Bipartisan Infrastructure Law and Inflation Reduction Act funding to
build the new aluminum smelter.

Century's Green Aluminum Smelter Project is one of 33 projects across more than
20 states to receive the Government funding for commercial-scale decarbonization
solutions. The Project will strengthen domestic supply chains for materials
critical for the green energy transition. These include electric vehicles,
renewable-energy production and storage, building and construction, and
sustainable packaging.

With the help of the funding, Century plans to build the first new U.S. primary
aluminum smelter in 45 years, at a site within the Ohio/Mississippi River
Basins.

The project is expected to create more than 1,000 full-time jobs represented by
the United Steelworkers and over 5,500 construction jobs.

Upon completion, the smelter would double the size of the current U.S. primary
aluminum industry.



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