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European Steel Giant Drops Hydrogen Plant Plans Citing High Energy Costs « Carbon Pulse

Summary by Carbon Pulse
A large European steelmaker has pulled out of two key decarbonisation projects in Germany due to excessively high energy costs and policy uncertainty.

25 Articles

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Center
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Lean Right

ArcelorMittal dispenses with funding in billions and a conversion to a climate-friendly production in Eisenhüttenstadt. The economy Grimm sees mistakes in the traffic lights government.

·Dortmund, Germany
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Lean Left

Good morning! It is Friday June 20th, we are ready to follow all the economic and financial news. It seems possible on the stock markets a –…

·Netherlands
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Lean Left

Despite public aid, the steel giant announced on Thursday that it will not invest €2.5 billion to decarbonize two sites across the Rhine. This decision, which recalls the decision taken at Dunkirk's steelworks, comes at a time when the multinational plans to abolish up to 1,400 posts in Europe.

·Paris, France
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Lean Left

The steel group ArcelorMittal does not want to switch to climate-neutral production. Funding is not yet paid, but the federal government and the country are disappointed.

·Germany
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wz.dewz.de
+4 Reposted by 4 other sources
Center

The upswing of "green" hydrogen is not going on, the electricity prices in Germany are high. This now has enormous consequences.

The upswing of "green" hydrogen is not going on, the electricity prices in Germany are high. This now has enormous consequences.

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nn.de broke the news in on Thursday, June 19, 2025.
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