HYBRIT receives support from the EU Innovation Fund
The HYBRIT-initiative driven by SSAB, LKAB and Vattenfall has now officially received support from the European Union, as one of seven innovative projects under the Innovation Fund. The project receives in total €143 million for an industrial- and commercial-scale demonstration of a complete value chain for hydrogen-based iron- and steelmaking, from mine to fossil-free steel.The EU Innovation Fund is one of the world’s largest funding programs for the demonstration of innovative low-carbon technologies that help reduce greenhouse gas emissions. The European Union is in total investing more