Cementir Holding and Air Liquide have officially signed the grant agreement from the European Innovation Fund for their ACCSION project in Denmark. 

Located in Aalborg, ACCSION will be one of the first full onshore Carbon Capture and Storage (CCS) value chains in Europe. Aiming at significantly reducing CO₂ emissions of the Aalborg Portland cement plant, the completion of the project would allow the avoidance of 1.5 million tons of CO₂ emissions per year of operation. The captured CO₂ would be fed into a new pipeline infrastructure to be stored in onshore CO₂ storage facilities. 

The European Innovation Fund is one of the world’s largest programs for promoting innovative low-carbon technologies. The grant of 220 million euros is an important step in the realization of the project. Joining forces with CINEA is key to reach Air Liquide’s and Cementir’s carbon neutrality ambitions by 2050, and helps to support Europe’s leadership towards decarbonization.

This project has received support from the EU’s Innovation Fund. The Innovation Fund is 100% funded by the EU Emissions Trading Systems. However, the views and opinions expressed are those of Cementir Holding only and do not necessarily reflect those of the European Union or CINEA. Neither the European Union nor the granting authority can be held responsible for them.