Holcim has been awarded three grants from the European Union (EU) Innovation Fund for breakthrough Carbon Capture Utilisation and Storage (CCUS) projects in Belgium, France, and Croatia.
The projects were selected for their “highly scalable profile, mature technologies, and advanced partnerships” to advance the EU’s Green Deal, which aims to put clean technologies to work for a net-zero future.
With these three grants, the Switzerland-based building materials firm is able to advance five decarbonisation projects with EU Innovation Fund support, adding to its ongoing CCUS projects in Germany and Poland.
Miljan Gutovic, region head (Europe) at Holcim, said: “It’s exciting to be at the forefront of decarbonising the building sector in Europe.
“The support we are receiving from the EU Innovation Fund for five of our CCUS projects is a great testament to the strength of our engineering teams, the maturity of our technologies, and our advanced partnerships across the value chain.
“Our robust pipeline of projects positions us as the partner of choice to scale up carbon-capture technologies in Europe.”
The three additional grants have been awarded to the following Holcim CCUS projects:
- Go4Zero project in Belgium, which aims to capture and store carbon from Holcim’s plant in Obourg
- KOdeCO net zero project in Croatia, which aims to capture and store carbon from Holcim’s plant in Koromačno
- eM-Rhône project in France, in which carbon captured from Holcim’s Le Teil plant will be used to produce e-methanol
The EU Innovation Fund is one of the world’s largest funding programmes for innovative low-carbon technologies.
This year, the fund granted more than €3.6bn to 41 large-scale clean-tech projects out of a pool of 239 applications, with five projects focused on decarbonising cement.
Holcim says these investments contribute to advancing its net-zero roadmap, with 2030 and 2050 targets validated by the Science Based Target Initiative (SBTi).
Norwegian battery maker Freyr also recently received funding from the European Union Innovation Fund, securing €100m for its ‘Giga Arctic’ factory in Norway.
Holcim recently confirmed it was investing in Suffolk Technologies’ $110m venture fund, which serves to support startups at the forefront of disruptive innovation in the building industry.
Image credit: Pand P Studio/Shutterstock
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