ArcelorMittal Poland, a subsidiary of the global steel giant ArcelorMittal, has begun commissioning new hydrogen furnaces in its annealing shop in Krakow.
The European Commission has approved, under EU State aid rules, a €280 million Belgian measure to support ArcelorMittal Belgium in partially decarbonizing its steel production processes. The measure will contribute to the achievement of the EU Hydrogen Strategy, the European Green Deal, and the Green Deal Industrial Plan targets while helping to end dependence on Russian fossil fuels and fast forward the green transition in line with the REPowerEU Plan.
A significant portion of EU grants is allocated to support sustainable initiatives, further driving the rise in these types of loans.
Polish energy group Orlen announced that its subsidiary, Energa Operator, has secured a €1.8bn loan to modernize the power grid, preparing it for the integration of renewable energy sources.
OMV Petrom announced the commencement of construction for a production unit dedicated to sustainable aviation fuel (SAF) and renewable diesel (HVO) at the Petrobrazi refinery.
The European Investment Bank (EIB) is providing a €240 million loan to Slovakia for co-funding of EU-supported green and digital projects across the country.
In line with its 2030 ambition to decarbonize the hydrogen used in its European refineries, TotalEnergies has signed agreements with Air Liquide to develop two projects in the Netherlands.
