NER300 funding for CCS under new threat

The steel company behind the only carbon capture and storage project tipped for funding under the EU's NER300 scheme has withdrawn its bid

The EU’s flagship funding programme for low-carbon technology may fail to get any carbon capture and storage (CCS) project off the ground, after the firm behind the only initiative likely to meet the necessary criteria withdrew from the tender.

The European Commission is due to announce the winners of the €1.5bn NER300 funding competition before the Christmas break.

The Ultra Low-CO2 Steelmaking (ULCOS) project at an ArcelorMittal steel mill in Florange, France, is believed to be the only project likely to meet the NER300 criteria in terms of member state support. The commission has been asked by CCS groups to defer its funding decision to allow other applicants more time to improve their bids.

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