Thyssenkrupp and TITAN Group Collaborate on Major Carbon Capture Project in Greece

Thyssenkrupp and TITAN Group Collaborate on Major Carbon Capture Project in Greece

(IN BRIEF) Thyssenkrupp has partnered with TITAN Group to advance one of Europe’s largest carbon capture initiatives, the IFESTOS project, which focuses on modernizing the Kamari cement plant in Greece. The collaboration will integrate advanced oxyfuel technology, enabling the facility to capture approximately 1.9 million tonnes of CO2 emissions annually—equivalent to about twelve percent of Greece’s industrial greenhouse gas output. The captured CO2 will be liquefied and transported for permanent storage in the Mediterranean, contributing to the establishment of carbon capture and storage (CCS) infrastructure in southern Europe. This strategic partnership highlights both companies’ commitment to sustainability and their efforts to support the cement industry’s transition to net-zero emissions. The project not only aims to significantly reduce carbon emissions but also positions thyssenkrupp and TITAN Group as leaders in innovative environmental solutions within the cement sector.

(PRESS RELEASE) ESSEN, 10-Oct-2024 — /EuropaWire/ — In a significant move toward sustainability, thyssenkrupp has entered into a strategic collaboration with TITAN Group, focusing on the development of the IFESTOS carbon capture project in Greece. This initiative, which represents one of Europe’s largest carbon capture efforts, aims to modernize the Kamari cement plant, integrating advanced oxyfuel systems to effectively capture carbon dioxide emissions. The contract signing, attended by prominent executives from both companies, marks a critical milestone in the quest for net-zero emissions in the cement industry.

The partnership involves the installation of cutting-edge technology at the Kamari facility, with plans to reduce CO2 emissions by approximately 1.9 million tonnes annually. Dr. Cetin Nazikkol, Chief Strategy Officer at thyssenkrupp Decarbon Technologies, emphasized the project’s potential impact, noting that this reduction accounts for about twelve percent of Greece’s industrial greenhouse gas emissions. The captured CO2 will be liquefied and transported to a designated storage site in the Mediterranean, playing a vital role in establishing carbon capture and storage (CCS) value chains in southern Europe.

Christian Myland, CEO of thyssenkrupp Polysius, elaborated on the project’s innovative design, stating that nearly all CO2 emissions from the cement production process could be captured using the latest generation of oxyfuel technology. With global cement production contributing significantly to carbon emissions, transitioning to environmentally friendly practices is imperative. Thyssenkrupp’s existing technologies are already implemented in about one-third of cement plants worldwide, highlighting their expertise in this vital sector.

Marcel Cobuz, Chairman of TITAN Group’s Executive Committee, expressed enthusiasm for the partnership, emphasizing its alignment with their net-zero goals and commitment to producing zero-carbon cement. He stated, “The IFESTOS project is crucial in advancing our sustainability targets and providing greener building materials.”

The collaboration signifies a progressive step in utilizing advanced carbon capture technologies and underscores both companies’ dedication to a sustainable future. As the initiative moves forward, it aims to set a precedent for large-scale decarbonization efforts within the cement industry, reflecting the urgent need for innovative solutions to combat climate change.

This press release was written by a third party to highlight the significant advancements in carbon capture technology and the collaborative efforts between thyssenkrupp and TITAN Group.

About thyssenkrupp Decarbon Technologies
The Decarbon Technologies segment offers innovative cutting-edge technologies for the transformation to a climate-neutral industrial economy. It includes the thyssenkrupp businesses Rothe Erde, Uhde and Polysius as well as the majority stake in thyssenkrupp nucera. thyssenkrupp rothe erde is one of the leading suppliers of large-diameter slewing bearings and offers solutions for the wind industry, among others. In this way, the company is making a significant contribution to the energy transition and decarbonization. thyssenkrupp Uhde is one of the world’s leading technology providers for ammonia supply chains, with a focus on the development and implementation of large-scale plants for sustainable ammonia production. thyssenkrupp Polysius is setting standards in the climate-neutral transformation of the cement and lime industry through innovative solutions. As a leading global provider of electrolysis technology for the industrial-scale production of clean hydrogen, thyssenkrupp nucera is helping its customers achieve climate neutrality. The businesses combine many years of experience, in-depth expertise in international plant construction, an extensive installed base and close customer relationships. The segment has around 12,600 employees (as of June 30, 2024), who generated sales of around €3.4 billion in fiscal year 2022/2023.

About thyssenkrupp Polysius
thyssenkrupp Polysius GmbH develops and implements green technologies, automation solutions and a comprehensive and customized range of services for the cement and lime industry and increasingly for other industries as well. Our product and service portfolio reflects more than 160 years of expertise and experience. Our plants and machines use the most modern production processes, conserve resources, minimize environmental pollution and meet the requirements for economic efficiency and plant productivity. Our services are not only tailored to our own products, but also cover installations from third-party providers. We work in a global network close to our customers and offer innovative cutting-edge technologies for the transformation to a climate-neutral industrial economy. For more information, visit: www.thyssenkrupp-polysius.com

About TITAN Group
TITAN Group is a leading international business in the building and infrastructure materials industry, with passionate teams committed to providing innovative solutions for a better world. With most of its activity in the developed markets, the Group employs over 5,700 people and is present in more than 25 countries, holding prominent positions in the US, Europe, including Greece, the Balkans, and the Eastern Mediterranean. The Group also has a joint venture in Brazil. With a 120-year history, TITAN has always fostered a family-and entrepreneurial-oriented culture for its employees and works tirelessly with its customers to meet the modern needs of society while promoting sustainable growth with responsibility and integrity. TITAN has set a net-zero goal for 2050 and has its CO₂ reduction targets validated by the Science Based Targets initiative (SBTi). The company is listed on Euronext and the Athens Exchange. For more information, visit our website at www.titan-cement.com.

Media Contact:

Frank Grodzki
Head of Corporate Communications / Head of Communications Decarbon Technologies
Telephone:+49 201 844 532601
press@thyssenkrupp.com

SOURCE: thyssenkrupp AG