Plagazi signs €29.5 million grant agreement with the EU Innovation Fund
Published by Ellie Brosnan,
Editorial Assistant
Global Hydrogen Review,
The grant signature follows the grant nomination back in October 2024, when Plagazi’s project was chosen as one out of 85 projects to receive funding among 337 applications.
“The grant signature is very rewarding following a collaborative grant preparation process with the European Climate Agency [CINEA]. This non-dilutive funding agreement will be a great asset to attract private funding now,” said Soran Shwan, CEO of Plagazi AB. “We are proud that the EU has now put us on the map among other low-carbon hydrogen projects in Europe and that there is growing recognition that technology openness is the right approach to promote a strong climate tech sector in Europe.”
Powered by the patented Plagazi process and InEnTec-supplied plasma gasification technology, this project will transform non-recyclable waste into circular hydrogen and captured, liquid CO2, driving deep decarbonisation in both industry and transport sectors.
This substantial funding brings Plagazi one step closer to becoming a leader in waste gasification-enabled circular economy solutions – and contributes to the EU’s broader mission for an energy secure, sustainable, and zero-emissions future.
Read the article online at: https://www.globalhydrogenreview.com/hydrogen/28052025/plagazi-signs-295-million-grant-agreement-with-the-eu-innovation-fund/
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