EU to fund Holcim decarbonization projects

Holcim granted €328 million from EU Innovation Fund for CCUS projects in Germany and Poland

THE European Union (EU) Innovation Fund has announced funding of €328 million in two Holcim decarbonization projects at the Financing Innovative Clean Tech Conference in Brussels.

The grants will accelerate the development of Holcim’s breakthrough carbon capture utilization and storage (CCUS) projects in Germany and Poland. These projects are part of Holcim’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, Holcim region head of Europe, said: ‘As a global leader in building solutions, Holcim are 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 European Union Innovation Fund is one of the world’s largest funding programmes for innovative low-carbon technologies. In 2022, the Fund granted more than €1.8 billion to 17 large-scale clean-tech projects out of a pool of 138 submissions.