en.Wedoany.com Reported - A 15-year subsidy agreement for the ACCSION project has been signed, with a maximum annual subsidy of approximately €146 million and a cumulative maximum amount of about €2.2 billion. The subsidy amount will be adjusted based on inflation indices. The successful completion of this full-chain CCS project depends on the timely coordinated commissioning of capture, transport, and storage infrastructure.

This agreement marks a significant milestone for one of the most impactful industrial decarbonization projects in Europe's hardest-to-abate sectors, and also enables Denmark to develop a new value chain for carbon capture, transport, and onshore storage.

Through the ACCSION project, the Cementir Group will advance its climate strategy, helping it achieve carbon neutrality for Scope 1 direct emissions at its European cement plants. Francesco Caltagirone Jr., Chairman and CEO of Cementir Holding, stated that with this agreement, a decisive step can now be taken to complete one of Europe's largest industrial carbon capture projects, which will place Cementir at the forefront of decarbonization and demonstrate how hard-to-abate sectors can achieve large-scale transformation.

Once operational, the project is expected to capture 2.3 million tonnes of CO₂ annually, nearly half of the total target of the Danish Fund, making a significant contribution to Denmark's climate goals while enhancing the country's long-term industrial competitiveness in the green transition.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com