LONDON (ICIS)–Germany’s Federal Ministry for Economic Affairs and Energy (BMWE) has reaffirmed its commitment to accelerating the hydrogen economy, after a spate of recent industry setbacks including steel manufacturer ArcelorMittal’s cancellation of its renewable hydrogen-based decarbonisation plans for two steel plants.
A spokesperson for the ministry told ICIS on 3 July that BMWE regrets ArcelorMittal’s cancellation but stressed that it was a private sector decision and that none of the €1.3 billion government subsidy secured for the project has been disbursed.
They reiterated the ministry’s support for other major steel decarbonisation projects by Salzgitter, Thyssenkrupp, and SHS, which have collectively secured €5.6 billion in funding.
Published by: www.icis.com
Harvey Bassett
11-Jul-2025
