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EU Commission Approves EUR1bn German Measure to Support Salzgitter

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  • 14 Oct 2022
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EU Commission Approves EUR1bn German Measure to Support Salzgitter to Decarbonize Steel Production

The European Commission has approved, under EU State aid rules, a EUR1bn German measure to help Salzgitter Flachstahl GmbH decarbonize its steel production processes by using hydrogen, including renewable hydrogen produced on site, thanks to a new production facility. The measure contributes to the achievement of the EU Hydrogen Strategy and the European Green Deal targets, while helping reduce dependence on imported Russian fossil fuels and fast forward the green transition, in line with the REPowerEU Plan.

Source:  ESG News