By Kim Richters
BASF SE will receive 134 million euros ($131.3 million) in funding from the German government to ramp up its renewable-hydrogen production capacities, the European Commission said on Monday.
The Commission said it had approved the measure, which comes in form of a direct grant and "will support BASF's production of renewable hydrogen mainly to replace fossil-based hydrogen in BASF's chemical production processes."
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
10-03-22 1210ET