Sweden-based Plagazi AB announced that its flagship project has been selected to receive a €29.5-million grant from the European Union’s EU Innovation Fund to support its waste-to-hydrogen project. Out of 337 applications, Plagazi’s project was chosen as one of only 85 to receive funding.

The grant will accelerate Plagazi’s efforts to expand its waste-to-hydrogen solutions, which convert non-recyclable waste into sustainable hydrogen. The EU emphasized Plagazi’s importance as a company in supporting Europe’s net-zero ambitions and reducing CO₂ emissions.

Funding from the EU Innovation Fund will enable Plagazi to scale its projects and make a meaningful impact across energy-intensive industries. By recycling waste that would otherwise be non-recyclable into sustainable hydrogen, Plagazi is advancing a solution aligned with the EU’s broader circular economy objectives, supporting long-term sustainability and resource efficiency.

The Plagazi process converts all types of waste into circular hydrogen through plasma gasification. The production process is highly energy self-sufficient and environmentally friendly without environmentally hazardous residual products.