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By Jaime Llinares Taboada
The U.K. government said Monday that it has approved a 166.5 million pounds ($235.6 million) funding package to develop technologies needed for a green industrial revolution.
The Department for Business, Energy & Industrial Strategy said the money will support technologies in carbon capture, greenhouse-gas removal and hydrogen, while also helping find solutions to decarbonize the manufacturing, steel, energy and waste sectors.
The investment will help energy-intensive businesses like Tate & Lyle PLC, BAE Systems PLC and Celsa Manufacturing UK Ltd., the government said.
Write to Jaime Llinares Taboada at [email protected]; @JaimeLlinaresT
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