Investments in the circular economy and decarbonisation strengthen CO2 strategy
Holcim's CO2 capture and storage project at its French site in Martres-Tolosane has been selected for a grant from the EU Innovation Fund. With this seventh major project subsidised by the EU, the building materials manufacturer wants to drive forward the Green Deal.
Holcim receives a grant from the EU Innovation Fund for another major cleantech project. This brings the number of Holcim’s EU-funded CCUS projects to seven. According to a press release from the building materials manufacturer, this new carbon capture and storage (CCUS) project at its site in Martres-Tolosane in south-west France is a highly scalable plant based on mature technologies and close partnerships.
Holcim had already announced an investment of 100 million euros in the sustainability of this cement plant in 2017. Between 2021 and 2023, Holcim invested a further 200 million euros in the decarbonisation of its French industrial facilities and made a further 60 million euros available for its continuation in May of this year.
According to Holcim, these investments will have a leverage effect on the development of new sectors and jobs in the field of the circular economy on the one hand, and in the medium term in the field of carbon capture, storage and utilisation on the other. To this end, a new pilot platform, a real industrial test centre for open innovation, will be built at the Martres-Tolosane factory. It will be dedicated to improving new CO2 capture technologies.
“Holcim is well on its way to making net-zero cement and concrete a reality on a large scale in this decade,” CEO Miljan Gutovic is quoted as saying in the press release. “This support from the EU Innovation Fund is a testament to the strength of our engineering teams, the maturity of our technologies and progressive partnerships across the value chain.”