Holcim selected for 2 EU Innovation Fund grants for Clean Tech projects decarbonizing Europe
- EU Investments in Holcim Carbon Capture Utilization and Storage projects in Germany and Poland
- Grants based on highly scalable technologies at the forefront of Europe’s decarbonization
- Accelerating Holcim’s net-zero roadmap with 2030 and 2050 targets validated by the Science Based Targets initiative
Holcim has secured two investments from the European Union (EU) Innovation Fund for its breakthrough Carbon Capture Utilization and Storage projects in Germany and Poland. Both projects feature scalable technologies to put Holcim at the forefront of Europe’s decarbonization. These programs are part of Holcim’s net-zero roadmap, validated by the Science Based Targets initiative, including its objective to operate at least one net-zero cement plant by 2030.
The EU will support Carbon2Business, which is part of Westküste 100 project in Germany, where carbon captured from Holcim’s Lägerdorf plant will be turned into synthetic fuel for the mobility sector and as feedstock for the chemical industry. The EU is also supporting Holcim's Go4ECOPlanet project in Poland, which aims to create an end-to-end CCS chain starting from CO2 capture from its site in Kujawy to offshore storage in the North Sea, with the vision to be a net-zero plant by 2027. Both projects aim to develop highly replicable carbon capture solutions to drive the decarbonization of the building sector. They are part of Holcim’s portfolio of over 30 Carbon Capture Utilization and Storage projects around the world.
Miljan Gutovic, Region Head Europe Middle East Africa: “Holcim is committed to leading our sector’s decarbonization. As the recipient of two grants to decarbonize cement, I am encouraged by this clear vote of confidence by the EU. I congratulate my teams for engineering such smart and scalable solutions and thank the EU for its shared interest in making them economically viable.”
Holcim offers its sector’s broadest range of low-carbon materials, from ECOPact green concrete to ECOPlanet green cement, offering 30% to 100% less CO2 emissions with no compromise in performance. These solutions are enabled by Holcim’s green product formulation expertise and use of innovative low emission raw materials, from calcined clay to construction & demolition waste. Holcim’s plants across the region currently operate with over 60% of eco-fuels, coming from the recycling of materials at the end of their lifecycle, from biomass to municipal waste. Its most advanced plants in this area are in Austria and the Czech Republic, operating with close to 100% eco-fuels.
The European Union Innovation Fund is one of the world's largest funding programs for innovative low-carbon technologies. This year, the Fund is granting more than EUR 1.8 billion to 17 large-scale projects contributing to a low-carbon society, out of a pool of 138 submissions.
Holcim builds progress for people and the planet. As a global leader in innovative and sustainable building solutions, Holcim is enabling greener cities, smarter infrastructure and improving living standards around the world. With sustainability at the core of its strategy Holcim is becoming a net zero company, with its people and communities at the heart of its success. The company is driving circular construction as a world leader in recycling to build more with less. Holcim is the company behind some of the world’s most trusted brands in the building sector including ACC, Aggregate Industries, Ambuja Cement, Disensa, Geocycle, Holcim, Lafarge and Malarkey Roofing Products. Holcim is 70,000 people around the world who are passionate about building progress for people and the planet through four business segments: Cement, Ready-Mix Concrete, Aggregates and Solutions & Products.
Important disclaimer – forward-looking statements:
This document contains forward-looking statements. Such forward-looking statements do not constitute forecasts regarding results or any other performance indicator, but rather trends or targets, as the case may be, including with respect to plans, initiatives, events, products, solutions and services, their development and potential. Although Holcim believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions as at the time of publishing this document, investors are cautioned that these statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are difficult to predict and generally beyond the control of Holcim, including but not limited to the risks described in the Holcim's annual report available on its website (www.holcim.com) and uncertainties related to the market conditions and the implementation of our plans. Accordingly, we caution you against relying on forward-looking statements. Holcim does not undertake to provide updates of these forward-looking statements.