Plagazi has secured a €29.5m ($31.7m) EU Innovation Fund grant to scale the flagship waste-to-hydrogen production project it is developing.
Out of 337 applications, Plagazi’s initiative was chosen as one of 85 to receive European funding, following several months of comprehensive due diligence on the Swedish firm’s technology, business model and future potential.
The company converts non-recyclable waste into sustainable hydrogen by exposing them to temperatures higher than 3,000°C. This is expected to align with the EU’s broader circular economy objectives, supporting long-term sustainability and resource efficiency.
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