EU clears $3.2 bn in green subsidies for Thyssenkrupp, ArcelorMittal

The European Commission on Thursday cleared 2.85 billion euros ($3.20 billion) in aid to support the continent’s two biggest steelmakers, ArcelorMittal and Thyssenkrupp, in their efforts to reduce carbon emissions. The move highlights Brussels’ efforts to help local industry decarbonise production and remain competitive with global rivals, aware that heavy industries are unable to fund

Largest green hydrogen and ammonia plant construction commences in Brazil

Unigel has invested an initial R$650m ($122m) in the new factory in Camaçari, Bahia state the country’s first green hydrogen plant. The plant will use three 20MW alkaline electrolysers from German manufacturer Thyssenkrupp Nucera to produce the H2. Unigel makes initial $120m investment in 60MW first phase, and the company has begun construction on the

Green hydrogen use tested by ArcelorMittal

World’s second-largest steelmaker, ArcelorMittal has successfully tested the use of green hydrogen to reduce iron ore at one of its industrial sites in Canada. The company claims it as a milestone for the industry. Engineers at the company’s operations at Contrecoeur in Quebec replaced about 7 per cent of the natural gas typically used to