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European Commission approves up to €5.4B of public support for IPCEI Hy2Tech; 41 hydrogen projects

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The European Commission approved , under EU State aid rules, an Important Project of Common European Interest (IPCEI) to support research and innovation and first industrial deployment in the hydrogen technology value chain. The Member States will provide up to €5.4 billion in public funding, which is expected to unlock additional €8.8

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Kia outlines its path to achieving carbon neutrality by 2045; full electrification in major markets by 2040, in Europe by 2035

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A key element to this plan is the use of green steel, as the steel industry has traditionally been one of the biggest global carbon emitters. Kia will initiate a Blue Carbon project to contribute to preserving the environment instead of just reducing emissions to achieve its carbon neutrality target.

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