Climate setback: Smoke rises from the ArcelorMittal coking plant in Bottrop, western Germany. The steelmaker cited market pressure, weak demand, EU policy, and high power prices as reasons for returning green subsidies. — AFP
BERLIN: In Geseke, a small town in Germany’s western industrial heartland, plans to launch a large-scale carbon capture project at a local cement plant have been put on ice.
Operator Heidelberg Materials AG had received European Union (EU) subsidies for the green project that’s set to save 700,000 tonnes of carbon emissions annually, and planned to start construction next year.
