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Dec 07, 2023 13:46 EEST
December 7 (SeeNews) - Holcim Croatia, part of construction giant LafargeHolcim, said it has secured 117 million euro ($126 million) in EU co-financing for its net zero project, which is designed to help it become Croatia's first producer of carbon-neutral cement.
The initiative, named KOdeCO Net Zero, involves the capture and storage of CO2 and is currently being implemented at the company's cement factory in Koromacno, northern Croatia. Holcim Croatia has been actively working on this project for the past two years.
"The Carbon Capture and Storage (CCS) project, with a total value of 237 million euro, will commence in January, and the new technology will be implemented by the end of 2028," Holcim said in a post on its Linkedin profile late on Wednesday.
Holcim Croatia has signed the co-financing agreement with the European Climate, Infrastructure, and Environment Executive Agency (CINEA), which oversees European Commission programmes for decarbonisation and sustainable development.
($ = 0.928 euro)
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