EU approves 134M EUR German measure to support BASF production of renewable hydrogen.
The European Commission on Monday approved a 134 million euro ($130.80 million) German measure to support BASF SE (BASFn.DE) in the production of renewable hydrogen, to help decarbonise its chemical production processes.
EU antitrust chief Margrethe Vestager said in a statement:
This 134 million euro measure enables Germany to help BASF step up its renewable hydrogen production capacities, thereby contributing to the greening of the chemical value chain and of the transport sector.
EU approves German measure to support BASF production of renewable hydrogen, October 3, 2022
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