INTIEAGermany · Direct grant and conditional payment to ThyssenKrupp SteelPolicyIn force

Direct grant and conditional payment to ThyssenKrupp Steel

In 2023, the Commission approved a EUR 550 million (~USD 579 million) direct grant and conditional payment mechanism of up to EUR 1.45 billion (~USD 1.53 billion) to support ThyssenKrupp Steel Europe in decarbonising its steel production and accelerating renewable hydrogen…

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Country / jurisdiction: Germany · Year: 2023 · Status: In force · Level: National · Type: Voluntary

In 2023, the Commission approved a EUR 550 million (~USD 579 million) direct grant and conditional payment mechanism of up to EUR 1.45 billion (~USD 1.53 billion) to support ThyssenKrupp Steel Europe in decarbonising its steel production and accelerating renewable hydrogen uptake. In July 2023, Habeck and Neubaur handed over a funding notice worth EUR 2 billion for the project tkH2Steel. Start of operation of the new DRI plant was planned for end of 2026 with a capacity of 2.3 Mtpa direct reduced iron.

Official source: https://www.bundeswirtschaftsministerium.de/Redaktion/DE/Pressemitteilungen/2023/07/20230726-habeck-neubaur-2-milliarden-euro-foerderbescheid-fuer-dekarbonisierungsprojekt-in-deutschland.html

Source

https://www.iea.org/policies/28675

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