EU funds two Holcim cleantech projects
The cement producer Holcim receives money from the European Union for two of its cleantech projects. The association of states is involved in measures to capture, use and store carbon dioxide in Germany and Poland.
The building materials producer Holcim , based in Zug, is receiving investments from the European Union’s innovation fund for two of its cleantech projects. The company did not provide any information in its press release about the amount of the subsidy. The funds are to flow into two measures for the capture, use and storage of carbon dioxide (CO2) in Germany and Poland.
Accordingly, the EU is participating in Carbon2Business, part of the West Coast 100 project in Schleswig-Holstein. At the Holcim plant in Lägerdorf, separated carbon is converted into synthetic fuels for the mobility sector and as a feedstock for the chemical industry.
The EU is also supporting Holcim’s Go4ECOPlanet project in Poland. It aims to create a continuous carbon capture and storage chain, ranging from the capture of CO2 at the Kujawien (Kujawy) site to its storage in the seabed of the North Sea. The vision for Go4ECOPlanet is to be a net-zero carbon footprint facility by 2027.
“Holcim is committed to playing a leading role in the decarbonization of our sector. As the recipient of two cement decarbonisation grants, I am delighted with this clear commitment from the EU,” Miljan Gutovic, head of the Europe, Middle East and Africa region, is quoted as saying in the media release.
Both projects are part of Holcim’s net zero strategy, which aims, among other things, to operate at least one climate-neutral cement plant by 2030.