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EU Innovation Fund invests €1.1bn into seven large-scale innovative projects

Published on: 16 November 2021
Published by LNB News

LNB News 16/11/2021

Document Information

Issue Date: 16 November 2021

Published Date: 16 November 2021

Jurisdiction(s): United Kingdom

Article summary

The European Commission has announced that the EU has invested €1.1bn into seven large-scale innovative projects through its Innovation Fund. These projects endeavour to ‘bring breakthrough technologies to the market in energy-intensive industries, hydrogen, carbon capture, use and storage, and renewable energy’ and are located in Belgium, Italy, Finland, France, the Netherlands, Norway, Spain and Sweden. They include a project based in Sweden, which aims to entirely eliminate greenhouse gas emissions from steel production by using renewable hydrogen, and a project in Spain that intends to convert non-recyclable municipal solid waste to methanol.

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