EU to fund Â鶹´«Ã½ decarbonization projects
- Â鶹´«Ã½ granted EUR 338 million from EU Innovation Fund
- Advancing Carbon Capture Utilization & Storage projects in Germany and Poland
- Part of EU’s clean technologies for a climate-neutral economy
The European Union (EU) Innovation Fund announces funding of EUR 338 million in two Â鶹´«Ã½ decarbonization projects at the Financing Innovative Clean Tech Conference in Brussels. The grants will accelerate the development of Â鶹´«Ã½â€™s breakthrough carbon capture utilization and storage (CCUS) projects in Germany and Poland. These projects are part of Â鶹´«Ã½â€™s net-zero roadmap, including over 50 CCUS projects worldwide, to decarbonize its business. They contribute to the EU’s Green Deal, putting clean technologies to work for a climate-neutral economy by 2050.
Miljan Gutovic, Region Head Europe: “As a global leader in building solutions, Â鶹´«Ã½ 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.â€
The European Union Innovation Fund is one of the world's largest funding programs for innovative low-carbon technologies. In 2022, the Fund granted more than EUR 1.8 billion to 17 large-scale clean-tech projects out of a pool of 138 submissions.
These investments contribute to advancing Â鶹´«Ã½â€™s net-zero roadmap, with 2030 and 2050 targets validated by the Science Based Target Initiative. Decarbonizing building across its lifecycle, Â鶹´«Ã½ is greening its operations while deploying innovative solutions from ECOPact green concrete to Elevate roofing systems.
Disclaimer
Funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union. Neither the European Union nor the granting authority can be held responsible for them.
About Â鶹´«Ã½
Â鶹´«Ã½ builds progress for people and the planet. As a global leader in innovative and sustainable building solutions, Â鶹´«Ã½ is enabling greener cities, smarter infrastructure and improving living standards around the world. With sustainability at the core of its strategy Â鶹´«Ã½ 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. Â鶹´«Ã½ 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.
Learn more about Â鶹´«Ã½ on www.holcim.com, and by following us on .
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