BASF to Get EUR134 Million in Government Funding for Renewable-Hydrogen Rampup
03 Ottobre 2022 - 6:25PM
Dow Jones News
By Kim Richters
BASF SE will receive 134 million euros ($131.3 million) in
funding from the German government to ramp up its
renewable-hydrogen production capacities, the European Commission
said on Monday.
The Commission said it had approved the measure, which comes in
form of a direct grant and "will support BASF's production of
renewable hydrogen mainly to replace fossil-based hydrogen in
BASF's chemical production processes."
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
October 03, 2022 12:10 ET (16:10 GMT)
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