The €29.5-MM grant previously awarded from the EU Innovation Fund has now been signed and officially allocated to Plagazi’s flagship project ‘Gävle Circular Park’. The grant signature follows the grant nomination back in October 2024, when Plagazi’s project was chosen as one out of 85 projects to receive funding among 337 applications.

“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,” said Soran Shwan, CEO of Plagazi AB. “We are proud that the EU has now put us on the map among other low-carbon H₂ 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”. 

Powered by the patented Plagazi process and InEnTec-supplied plasma gasification technology, this project will transform non-recyclable waste into circular H₂ and captured, liquid CO₂, driving deep decarbonization in both industry and transport sectors. 

This substantial funding brings Plagazi one step closer to becoming a leader in waste gasification-enabled circular economy solutions —and contributes to the EU’s broader mission for an energy secure, sustainable and zero-emissions future.