EQS-News: Salzgitter Aktiengesellschaft: EU Commission declares the funding for Salzgitter AG’s low CO2 steel production permissible
Salzgitter.
- Salzgitter.
- The EU Commission has notified the application of Salzgitter AG concerning the funding of the SALCOS - Salzgitter Low CO2 Steelmaking transformation program and has therefore declared the state aid measures applied for to be compatible with European law.
- Another essential precondition for the granting of the requested national funding has thereby now been set in place.
- SALCOS is aimed at converting steel production at Salzgitter into low carbon crude steel production in three stages over the period up until 2033.