Swedish clean technology company Plagazi has secured a €29.5 million grant from the EU Innovation Fund for its flagship initiative, the ‘Gävle Circular Park’ project. This funding, officially signed and allocated in 2024, followed the project’s selection in October as one of 85 funded projects out of 337 applicants. The Gävle Circular Park is designed to promote the development of local value chains, focusing on hydrogen and CO? transport, storage solutions, and renewable energy integration.

The facility, to be powered by Plagazi’s patented process along with plasma gasification technology supplied by InEnTec, will convert non-recyclable waste into circular hydrogen and captured, liquefied CO?. The pilot plant is planned to process 22,000 tons of waste per year, generating up to 4,000 tons of sustainable hydrogen. According to the company, this approach could result in a 206% reduction in greenhouse gas emissions compared to traditional fossil fuel-based hydrogen production methods.

Plagazi CEO Soran Shwan commented on the development: “The grant signature is very rewarding following a very collaborative grant preparation process with the European Climate Agency [CINEA]. This non-dilutive funding agreement will be a great asset to attract private funding now. We are proud that the EU has now put us on the map among other low-carbon hydrogen projects in Europe and that there is growing recognition that technology openness is the right approach to promote a strong climate tech sector in Europe.”

The funding is expected to strengthen Plagazi’s efforts in promoting circular economy solutions through waste gasification. It aligns with the EU’s broader objectives to advance toward a secure, sustainable, and low-emissions energy system.

In related developments, Plagazi announced in 2024 that the European Investment Bank (EIB) would provide financial advisory support for the Köping Hydrogen Park. This facility aims to produce 12,000 tonnes of green hydrogen annually by processing 66,000 tonnes of non-recyclable waste.

Additionally, Plagazi previously revealed a partnership with Swedish company Gotlandsbolaget to supply hydrogen for its upcoming Gotland Horizon fleet. The company also shared that it has initiated discussions with Norwegian transport firm Litra on a potential commercial agreement. The collaboration would enable Litra to handle logistics for circular hydrogen deliveries.

These projects reflect Plagazi’s expanding role in supporting the energy transition through innovation in hydrogen production and sustainable waste management.