Clean Steel Fund
Published date : 16 November, 2021
4. What steps his Department is taking to allocate funding from the Clean Steel Fund before 2023 following the development of hydrogen-based steelmaking projects in Sweden and Germany.
In contrast to Germany’s €3 billion hydrogen plan, there was no new funding announced in the recent Budget for clean steel projects. As 2023 is far too late, with primary steel plants accounting for 15% of UK CO2
emissions, will the Government now commit funding to clean steel projects similar to the ones we see in Germany and Sweden, or will steel communities be left standing by once again while European competitors get on with levelling up their industries?
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