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India's Green Steel Incentives on Hold Amid Green Hydrogen Cost Concerns
India's push to decarbonise its steel sector has hit a temporary roadblock. The finance ministry is holding back on green steel incentives, citing high costs of green hydrogen and potential inflationary effects. According to sources familiar with the matter, the government is unwilling to commit public funds until clean energy...
Blastr Green Steel Secures Funding for Ultra-Low CO2 Steel Plant in Finland
Blastr Green Steel (Blastr) announced closing of its second strategic partner financing round, securing critical funding to advance its European integrated ultra-low CO2 steel value chain. The investment will support the development of its flagship steel plant in Inkoo, Finland, a key milestone in B
EIB Announces €100 Million Financing for Marcegaglia’s Sustainability and Innovative Initiatives
The European Investment Bank has approved a €100 million financing deal to support Marcegaglia. the steel group based in Mantua, as part of its €170 million investment plant. Antonio and Emma Marcegaglia, together with EIB Vice-President Gelsomina Vigliotti, finalized the deal at Marcegaglia’s headq
India's Push for More Coal-Based Steelmaking Could Hinder Net-Zero Emissions Goal
India's plan to ramp up coal-powered steelmaking may pose challenges to its goal of achieving net-zero carbon emissions by 2070, according to a new report by Global Energy Monitor (GEM).The country's Prime Minister, Narendra Modi, has set 2070 as the target for net-zero emissions, two decades later than the timeline...
