Together with a new electric arc furnace, the plant will substitute the current blast furnace. Natural gas, initially used in the gas mix, will be gradually phased out of the steel production processes. Ultimately, the plant will be operated using renewable hydrogen with syngas produced from waste and metallurgical gases. (Reporting by GV De Clercq)
PARIS, Feb 17 (Reuters) - The European Commission said
in a statement on Friday it had approved a €460 million Spanish
measure to support ArcelorMittal Spain to partially decarbonise
its steel production.
It said the measure will contribute to the achievement of
the EU Hydrogen Strategy and the European Green Deal targets,
while helping to reduce dependence on Russian fossil fuels.
The aid, which will take the form of a direct grant, will
support the construction of a renewable hydrogen-based direct
reduced iron plant in Gijón.
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