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EU, Industrials

EU approves subsidies for ArcelorMittal’s ‘two-speed decarbonisation’

By Alex Janiaud and Seth O’Farrell

February 22, 2023
Photo: Bloomberg

The decision to help the steelmaker to build green hydrogen-powered plants in Europe while it maintains coal-reliant production elsewhere has drawn criticism. The European Commission is permitting the Spanish and German governments to subsidise the construction of ArcelorMittal’s renewable hydrogen-powered steel production facilities, amid accusations the company was running a ...

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