EU Awards Holcim Funds for Decarbonization Projects
The EU Innovation Fund has awarded two Holicum decarbonization projects a sum of €328 million. The grants will accelerate the development of Holcim’s carbon capture utilization and storage (CCUS) projects in Germany and Poland.
Holcim runs over 50 CCUS projects worldwide as part of its Net Zero roadmap. The projects also contribute to the EU’s Green Deal, deploying clean technologies for a climate-neutral economy by 2050.
Miljan Gutovic, Region Head Europe: “As a global leader in building solutions, Holcim 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.”
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.