On Thursday 20 July, the European Commission announced that it had authorised two German aid measures to support ThyssenKrupp Steel Europe (tkSE), firstly to reduce the carbon footprint of its steel production process, and secondly to speed up the use of renewable hydrogen at its Duisburg site.
The aid should take the form of a direct grant of up to €550 million and a conditional payment mechanism of up to €1.45 billion.
The direct grant will support the construction of a direct...