European Commission announces results of its large-scale Innovation Fund projects

Following the first call for large-scale projects, defined as projects with an investment of 7.5 million euros or more, the European Commission announced the first seven projects shortlisted for a grant. These projects aim to bring to the market “breakthrough technologies in energy-intensive industries, hydrogen, carbon capture, use and storage and renewable energies”.

The seven selected projects concern CCUS, the fabrication of photovoltaic cells, the conversion of non-recyclable solids into useful chemicals, the use of hydrogen in iron reduction and the switch from gray to green hydrogen. to reduce carbon intensity. transportation fuels.

Hybrit Développement AB and Neste Oyj are two of the seven successful companies.

Hybrit Développement AB aims to replace coal-fired blast furnaces with direct hydrogen reduction technology to produce 25% of Sweden annual steel production. According to European Commission, there are around 12 tonnes of steel used for every person in the EU and steel directly employs 330,000 people in Europe and supports 2.6 million jobs. Even so, steel production accounts for a significant proportion (~ 6%) of total EU emissions, so replacing coal-fired blast furnaces is expected to go a long way in reducing these emissions. The switch to hydrogen reduction offers many opportunities for new innovations that could eventually be deployed around the world.

Neste Oyj coordinates a project dubbed SHARC (Sustainable Hydrogen And Recovery of Carbon) aiming to switch from gray hydrogen to green hydrogen and blue hydrogen. As the world’s largest producer of renewable diesel and sustainable aviation fuel refined from waste and residue, Neste’s stated goal is to become the global leader in renewable and circular solutions. This funding should help them support the transport industry by allowing it to continue to use existing infrastructure, but with a lower carbon intensity.

The second large-scale call for projects was launched on October 26, 2021 and closes on March 2, 2022. I can’t wait to see which projects will be successful in the next call. It will be interesting to see if the successful technologies are similar to those in this call or if there will be an evolution to different technologies.

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