Holcim secures EU funding for CCUS project

Holcim has been awarded a grant from the European Union (EU) Innovation Fund for its carbon capture and storage (CCUS) project at its cement plant in Martres-Tolosane, France. This latest project, known as CarboClearTech, is one of seven large-scale CCUS initiatives Holcim is now running with EU support, furthering the company’s goal of reducing carbon emissions in line with the European Green Deal.

Holcim’s CEO, Miljan Gutovic, said: "Holcim is on course to make net-zero cement and concrete a reality at scale this decade. This support from the EU Innovation Fund testifies to the strength of our engineering teams, the maturity of our technologies and advanced partnerships that span the value chain."

The EU Innovation Fund, one of the largest programmes in the world for supporting clean technologies, selected 85 projects from 337 applications this year. These projects will share grants worth €4.8 billion, with three awarded to companies in the cement sector, including Holcim.

In addition to CCUS, Holcim is working on a variety of clean technologies, including the use of alternative raw materials and fossil fuel-free energy. Through its Holcim MAQER Ventures programme, the company is also collaborating with hundreds of startups to develop and scale new innovations in construction technology.