DECARBONISATION OF STEEL PRODUCTION
The
Commission approved a €1.3 billion German measure made
available in part through the Recovery and Resilience Facility
("RRF") to support a Germany entity in decarbonising part
of their steel production processes. The aid will take the form of
a direct grant and will support the construction of a direct
reduction plant and three new electric arc furnaces. Once
completed, the project is expected to avoid the release of more
than 70 million tonnes of carbon dioxide over the 16-year lifetime
of the project. Further information can be found here.
PROJECTS OF COMMON EUROPEAN INTEREST IN THE HYDROGEN VALUE
CHAIN
The
Commission approved a third Important Project of Common European
Interest ("IPCEI") to support hydrogen infrastructure.
The project was jointly prepared and notified by seven Member
States who will provide up to €6.9 billion in public funding,
which is expected to unlock €5.4 billion in private
investments. As part
