Belgium's Council of Ministers have agreed to make €6 million available for the development of green steel.
In order to reach urgent decarbonization targets, the federal government has decided to release €6 million in investment aid, the Council of Ministers announced on 28 October, based on a proposal from energy minister Tinne Van der Straeten.
The grant, which is part of the federal hydrogen strategy, comes from the European Recovery Fund.
According to Van der Straeten, green steel is indispensable to make the switch to 100% renewable energy, and ‘running ahead pays off the most.’
“By going green faster, we anchor industry and jobs at home, reduce our dependence on fossil fuels and reduce CO2 emissions.”
Tinne Van der Straeten, Belgium energy minister
“By going green faster, we anchor industry and jobs at home, reduce our dependence on fossil fuels and reduce CO2 emissions,” said Van der Straeten.
''The polluting blast furnaces disappear, steel production remains.”
Tinne Van der Straeten, Belgium energy minister
“Green steel is the construction material of the future with which we will build our offshore wind turbines. The polluting blast furnaces disappear, steel production remains,” she added.
Belgium’s major steel producer, ArcelorMittal, has already announced last year that it was investing €1.1 billion in green steel furnaces at its site in Ghent, marking one of the largest climate investments ever made in Belgium.
Source: The Brussels Times