Holcim Advances Net-Zero Agenda with EU Innovation Fund Support for CCUS Projects

Holcim Advances Net-Zero Agenda with EU Innovation Fund Support for CCUS Projects

(IN BRIEF) Holcim, a global building materials leader, has secured three grants from the EU Innovation Fund for its breakthrough Carbon Capture Utilization and Storage (CCUS) projects in Belgium, France, and Croatia. These grants support Holcim’s efforts to advance the EU’s Green Deal objectives and drive clean technologies for a net-zero future. The projects are highly scalable, feature mature technologies, and involve strategic partnerships. With these grants, Holcim now has five CCUS projects supported by the EU Innovation Fund. The investments align with Holcim’s net-zero roadmap, which includes over 50 CCUS projects globally and a commitment to invest CHF 2 billion by 2030.

(PRESS RELEASE) ZUG, 14-Jul-2023 — /EuropaWire/ — Holcim (SWX: HOLN), one of the world’s leading suppliers of cement and aggregates, concrete and related services, has been awarded three grants from the European Union (EU) Innovation Fund for its groundbreaking Carbon Capture Utilization and Storage (CCUS) projects in Belgium, France, and Croatia. These projects were chosen for their scalability, advanced technologies, and strategic partnerships, aligning with the EU’s Green Deal objectives to drive clean technologies for a net-zero future.

With these newly acquired grants, Holcim now advances a total of five decarbonization projects with support from the EU Innovation Fund. These projects complement the company’s ongoing CCUS initiatives in Germany and Poland and form an essential part of Holcim’s comprehensive net-zero roadmap, which encompasses over 50 CCUS projects worldwide, backed by a commitment to invest CHF 2 billion by 2030.

Miljan Gutovic, Region Head Europe at Holcim, expressed enthusiasm, stating, “We are thrilled to lead the decarbonization efforts in Europe’s building sector. The support from the EU Innovation Fund for our five CCUS projects is a testament to the strength of our engineering teams, the maturity of our technologies, and our strategic partnerships across the value chain. With our robust project pipeline, we are well-positioned as the preferred partner for scaling up carbon capture technologies in Europe.”

The three additional grants have been awarded to the following Holcim CCUS projects:

1. Go4Zero project in Belgium: This initiative aims to capture and store carbon emissions from Holcim’s plant in Obourg.
2. KOdeCO net zero project in Croatia: The project targets the capture and storage of carbon emissions from Holcim’s plant in Koromačno.
3. eM-Rhône project in France: This project involves using captured carbon from Holcim’s Le Teil plant to produce e-methanol.

The EU Innovation Fund is one of the world’s largest funding programs for innovative low-carbon technologies. In the current cycle, the Fund granted over EUR 3.6 billion to 41 large-scale clean-tech projects from a pool of 239 applications. Five of these projects focus specifically on decarbonizing cement.

These investments mark significant progress towards Holcim’s net-zero roadmap, with validated 2030 and 2050 targets approved by the Science Based Target Initiative (SBTi). Holcim remains committed to decarbonizing the entire lifecycle of buildings, promoting sustainable practices from operations and solutions to construction and ongoing usage, while actively driving circular construction principles.

About Holcim

Holcim is a global leader in innovative and sustainable building solutions. Driven by its purpose to build progress for people and the planet, its 60,000 employees are on a mission to decarbonize building, while improving living standards for all. The company empowers its customers across all regions to build better with less, with its broad range of low-carbon and circular solutions, from ECOPact to ECOPlanet. With its innovative systems, from Elevate’s roofing to PRB’s insulation, Holcim makes buildings more sustainable in use, driving energy efficiency and green retrofitting. With sustainability at the core of its strategy, Holcim is becoming a net-zero company with 1.5°C targets validated by the Science Based Targets initiative (SBTi).

Learn more about Holcim on www.holcim.com, and by following us on LinkedIn.

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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.

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SOURCE: HOLCIM