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."
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(END) Dow Jones Newswires