ArcelorMittal Belgium has secured €280m ($306.9m) in state aid to partially decarbonise its steel production in Ghent with hydrogen.
Approved by the European Commission under EU state aid rules, the support in the dorm of a direct grant and a “soft loan” will support the construction of a direct reduction iron plant, where a new electric arc furnace will substitute one of the two existing blast furnaces.
The steel giant has said that natural gas, initially used in the energy mix will gradually be phased out to see the plant operated using renewable hydrogen, however, has admitted that it could be complimented by low-carbon hydrogen if there is not sufficient renewable hydrogen available.
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