ESG Today writes that part of the funding that goes into the decarbonization efforts include replacing fossil fuels with hydrogen, which will happen in Gijon, Spain, thanks to 460 million euros.

Additional demonstration projects for hydrogen will take place in Hamburg, Germany, with the help of 55 million euros.

Ford and Volvo are two of the companies that aim to implement green steel in their future vehicles, in an effort to decarbonize their fleets.

We have articles on Green Start-Up about both these efforts, that you can read about more here.

ArcelorMittal officials say that the company aims to reach net-zero emissions by 2050 and in order to achieve this, it will take different approaches, such as using hydrogen and carbon capture and storage.

Additionally, in order to help other members of this industry decarbonize, the team of experts will share their knowledge and research with them, as well.

The plant in Spain will have its fossil-furnaces replaced with electric units that are to be powered with renewable hydrogen and ArcelorMittal will aim to use as much scrapped steel as possible, as opposed to using raw materials, to promote the use of second-life materials.

Using renewable hydrogen and syngas should allow the plant in Gijon avoid around 70 million CO2 emissions, while the Hamburg demonstration project, which will be running exclusively on renewable hydrogen, will prevent the release of over 700.000 tons of carbon emissions.

EU officials say that these projects will help other ongoing transitional operations towards a clean industry, such as the EU Hydrogen Strategy and the EU Green Deal.