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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 project, called “IPCEI Hy2Tech” was jointly prepared and notified by fifteen Member States: Austria, Belgium, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Italy, Netherlands, Poland, Portugal, Slovakia and Spain. The Member States will provide up to €5.4 billion in public funding, which is expected to unlock additional €8.8

Hydrogen 293
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OMV says it will stop oil and gas production by 2050 in transformation to net-zero

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Important strategic guidelines include expanding the business in attractive markets, particularly in North America and Asia, as well as building sustainable polyolefin production, representing up to 40%of total polyolefin production in Europe. The Clean CCS Operating Result is expected to reach at least €6 billion by 2030. Financials.

Oil 465