EU okays $1.5 billion state funded joint hydrogen project, $1.1 billion
joint healthcare project
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[May 28, 2024]
By Foo Yun Chee
BRUSSELS (Reuters) - EU competition regulators on Tuesday approved a
1.4-billion-euro ($1.52 billion) joint hydrogen project funded by seven
EU countries and a separate 1-billion-euro ($1.1 billion) joint
healthcare project funded by a group of six EU countries.
Estonia, France, Germany, Italy, Netherlands, Slovakia and Spain will
provide up to 1.4 billion euros in public funding, for the hydrogen
project which is expected to unlock an additional 3.3 billion euros in
private investments, the European Commission said in a statement.
It said 11 companies, including Airbus, BMW and Michelin, will take part
in 13 projects.
The healthcare project will be funded by Belgium, France, Hungary,
Italy, Slovakia and Spain to support research and innovation and is
expected to unlock an additional 5.9 billion euros in private
investments, the Commission said.
Sanofi, Euroapi and 11 other companies will participate in 14 healthcare
schemes.
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![](../images/052824PIX/health86.jpg)
European Union flags fly outside the European Commission
headquarters in Brussels, Belgium, March 1, 2023.REUTERS/Johanna
Geron/File Photo
![](http://archives.lincolndailynews.com/2024/May/28/images/ads/current/aeps_lda_013124.png) Both schemes are so-called Important
Project of Common European Interest (IPCEI) which allows EU
governments to fund them under looser EU state aid rules.
($1 = 0.9193 euros)
(Reporting by Foo Yun Chee)
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