Holcim breaks ground of state-of-the-art GO4ZERO plant in Belgium for
net-zero cement
Holcim Group Services Ltd / Key word(s): Miscellaneous
Holcim breaks ground of state-of-the-art GO4ZERO plant in Belgium
for net-zero cement
16.05.2024 / 07:00 CET/CEST
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* GO4ZERO EUR 500m+ project in Belgium to advance Europe's
decarbonization
* Plant engineered to produce 2 million tons of net-zero cement
per annum by 2029
* Groundbreaking ceremony attended by Belgian PM Alexander De
Croo and European Commissioner for Climate Action Wopke
Hoekstra
Holcim hosts the groundbreaking ceremony at its state-of-the-art
GO4ZERO plant engineered to produce 2 million tons of net-zero
cement per annum by 2029 in Obourg, Belgium. With a planned
investment of over EUR 500 million, the GO4ZERO project will put
innovation to work to advance Europe's decarbonization. The
plant's groundbreaking is being held in the presence of Alexander
De Croo, Prime Minister of Belgium, and Wopke Hoekstra, European
Commissioner for Climate Action.
Alexander De Croo, Prime Minister of Belgium: 'Belgium can take
great pride in the foundation of Holcim's new plant in Obourg.
This investment symbolizes exactly the vision that our country
has been pursuing for the past four years: build a future for
industry in Europe, with the highest standards in terms of
innovation and CO objectives. And here, in a crucial field like
construction.'
Wopke Hoekstra, European Commissioner for Climate Action: 'The
Innovation Fund drives the deployment of innovative, low-carbon
technologies in Europe. With EUR 230 million allocated from the
EU Emission Trading System for the GO4ZERO project, we look
forward to seeing this example of cutting-edge partnership across
the value chain to create a new ecosystem for carbon capture and
storage. This is exactly in line with the European Green Deal's
objective to fully mobilize industry to achieve climate
neutrality by 2050.'
Miljan Gutovic, CEO Holcim Group: 'By advancing decarbonization
as a driver of profitable growth, Holcim is on course to make
net-zero cement and concrete a reality at scale this decade.
GO4ZERO is one of our six large-scale, European Union-supported
carbon capture, utilization and storage projects. These aim to
capture a total of over 5 million tons of CO per annum, enabling
us to offer over 8 million tons of fully decarbonized cement each
year across Europe by 2030.'
The GO4ZERO project transforms cement manufacturing at every
stage of the process. Accelerating decarbonized energy use, more
than 95% of its energy will be sourced from alternative fuels,
while over 30% of its raw mix will come from partly decarbonized
alternative raw materials - predominantly waste generated by
other industries, thereby advancing circularity. As a result, the
plant will cut CO emissions by 30% as early as 2027, and it will
also operate Europe's largest installation of floating solar
panels. Holcim is partnering with Air Liquide on the project with
EUR 230 million in support from the Innovation Fund, which is
financed by revenues from the EU Emissions Trading System.
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About Holcim
Holcim is a global leader in innovative and sustainable building
solutions with net sales of CHF 27.0 billion in 2023. Driven by
our purpose to build progress for people and the planet, our
63,448 employees are on a mission to decarbonize building, while
improving living standards for all. We empower our customers
across all regions to build better with less, with a broad range
of low-carbon and circular solutions, from ECOPact and ECOPlanet
to our circular technology platform ECOCycle®. Through innovative
systems, from Elevate roofing to PRB insulation, Holcim makes
buildings more sustainable in use, driving energy efficiency and
green retrofitting. With sustainability at the core of our
strategy, we are on the way to becoming a net-zero company with
1.5C targets validated by SBTi.
Learn more about Holcim on www.holcim.com, and by following us on
LinkedIn.
Sign up for Holcim's Building Progress newsletter here and follow
our journey to a net-zero future.
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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End of Media Release
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1904199 16.05.2024 CET/CEST