The European Union (EU) Innovation Fund has announced it will back two Holcim decarbonisation projects with €328m in grant funding.
The grants, announced at the Financing Innovative Clean Tech Conference in Brussels this week, will accelerate the development of Holcim’s carbon capture utilisation and storage (CCUS) projects in Germany and Poland.
Holcim is currently piloting carbon capture technology at its cement plant in Lägerdorf, Germany. The program aims to capture the more than 1 million tons of CO2 emitted there annually to use as raw material for different industries in the region.
These projects are part of the building material giants’ net-zero roadmap which includes over 50 CCUS projects worldwide.
Holcim claims these projects help to decarbonise its business and that they contribute to the EU’s Green Deal.
Miljan Gutovic, Region Head Europe, said: “As a global leader in building solutions, Holcim is on a mission to decarbonise the building industry.
“We are encouraged by these EU Clean Tech investments in our next generation technologies. They contribute to making our CCUS projects more viable and scalable, which can fundamentally change our industry for a net-zero future.”
The European Union Innovation Fund is one of the world’s largest funding programs for innovative low-carbon technologies. In 2022, the Fund granted more than €1.8bn to 17 large-scale clean-tech projects out of a pool of 138 submissions.
Image: Holcim’s cement plant in Lägerdorf, Germany (credit: Holcim)
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