Spain to disburse 900 mln euros for green hydrogen projects


MADRID, Feb. 6 (Xinhua) -- Spain will allocate nearly 900 million euros (968 million U.S. dollars) to fund 10 projects for the production, transport and development of renewable hydrogen, Prime Minister Pedro Sanchez announced on Tuesday.

The objective of the projects, which are located throughout Spain, is to "create an authentic industrial ecosystem" to promote the creation of a value chain that is reindustrializing the country, Sanchez said at the inauguration of the 27th International Energy and Environment Fair in Madrid, which attracted 500 exhibitors globally.

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