Italy has been cleared to hand out up to €550m ($596m) of direct grants to help its industrial giants switch to green hydrogen — as both a chemical feedstock and energy source — instead of using polluting fossil fuels. The EU yesterday (Tuesday) gave state-aid approval to the programme, which envisages the Italian government handing out direct grants of up to €200m per beneficiary in the industrial sector, including the production of chemicals, fertiliser and steel, and oil refining.

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