Hoclim granted EU funds for cement decarbonisation projects

Jan 20 2023


The European Union has announced funding of EUR 328 million for two decarbonization projects from Holcim.

The grants will be used to accelerate the development of Holcim’s CCUS projects in Germany and Poland. These projects are part of Holcim’s net-zero roadmap, which includes over 50 CCUS projects worldwide, and contribute to the EU’s Green Deal, aimed at putting clean technologies to work for a climate-neutral economy by 2050.

According to Miljan Gutovic, Region Head Europe for Holcim, “As a global leader in building solutions, Holcim is on a mission to decarbonize 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 EU Innovation Fund, which granted the funding, is one of the world’s largest funding programs for innovative low-carbon technologies. In 2022, the Fund provided over EUR 1.8 billion to 17 large-scale clean-tech projects out of a pool of 138 submissions.

Holcim said the investments in these projects align with its own targets for 2030 and 2050, as validated by the Science Based Target Initiative. The company is working to decarbonize building across its lifecycle, and has implemented innovative solutions such as ECOPact green concrete and Elevate roofing systems.

 

Holcim


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Issue 90 - Nov - Dec 2022

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