Gothenburg-based ClimateTech firm Plagazi has formally secured a €29.5 million grant from the EU Innovation Fund for its flagship challenge, Gävle Round Park (GCP), which goals to revolutionise hydrogen manufacturing by superior waste gasification.
“The grant signature could be very rewarding following a really collaborative grant preparation course of with the European Local weather Company [CINEA]. This non-dilutive funding settlement shall be an excellent asset to draw non-public funding now,” mentioned Soran Shwan, CEO of Plagazi AB.
Based in 2007, Plagazi is tackling an pressing challenges within the ClimateTech house: learn how to convert the mountain of non-recyclable waste into usable, clear power. With its patented thermochemical recycling course of and plasma gasification know-how offered by InEnTec, the corporate will use its pilot plant in Gävle to rework waste into round hydrogen and seize CO₂ in liquid type.
Plagazi’s Gävle challenge was chosen as certainly one of solely 85 funded initiatives from a pool of 337 purposes.
The operation is designed to course of 22,000 tons of waste yearly, yielding as much as 4,000 tons of sustainable hydrogen.
The pilot plant, scheduled to start operations by 31 Could 2028, is a part of a broader initiative supporting the EU’s 2030 purpose of a 55% discount in greenhouse gasoline emissions and the long-term ambition of local weather neutrality by 2050.
Plagazi’s system reportedly achieves a greenhouse gasoline avoidance charge of 206% in comparison with standard hydrogen manufacturing from fossil fuels. It additionally makes use of roughly one-third much less water and 80% much less electrical energy than electrolysis-based renewable hydrogen, providing a aggressive edge each economically and environmentally.
Furthermore, the method generates useful by-products together with vitrified slag and metals, whereas eliminating poisonous waste and completely sequestering captured CO₂.
Plagazi additionally integrates neighborhood and regional financial advantages into its mannequin. The pilot challenge is predicted to generate over 20 jobs throughout its development and early operation phases, with an extra 30 jobs anticipated because it scales to industrial manufacturing. Native suppliers shall be prioritised, bolstering regional sustainable know-how clusters and power resilience. Surplus warmth from the method will feed into the district heating community for localised power circularity.
The monetary shut is projected for 31 Could 2026, with plant operations commencing two years later.
The funding was initially introduced in October 2024, however has now been formally allotted, positioning Plagazi as a severe participant in Europe’s low-carbon hydrogen race.
“We’re proud that the EU has now put us on the map amongst different low-carbon hydrogen initiatives in Europe and that there’s rising recognition that know-how openness is the best strategy to advertise a powerful local weather tech sector in Europe,” added Shwan.
