Spain's Ministry of Industry Allocates €518 Million to 17 Decarbonization Projects
en.Wedoany.com Reported - Spain's Ministry of Industry and Tourism, through Sepides (a Spanish state-owned company), has announced the grant resolution for the Comprehensive Action Plan for Decarbonization in Manufacturing, awarding €518 million in subsidies to 17 projects. This plan falls under the Industrial Decarbonization Perte (Strategic Project) within the framework of the 2026 Economic Recovery, Transformation, and Resilience Plan.
The ministry reported that the sectors receiving funding include aluminum production (Aluminio Español in Lugo, €40.4 million), paper manufacturing (Unión Industrial Papelera in Barcelona, €38.1 million), and the chemical industry (Evonik, €30.1 million).
The cement sector concentrated over €300 million in subsidies, with Cemex in Tarragona receiving €200 million and Votorantim Cementeros in León receiving €119 million.
The first line of funding under the Industrial Decarbonization Perte plan aims to support comprehensive decarbonization actions and measures taken by domestic industries to reduce greenhouse gas emissions. The total public investment for this plan amounts to €3.17 billion, expected to leverage a total investment of €11.8 billion, increase productivity by 10%, create 8,000 jobs, and reduce carbon dioxide emissions by 13 million tons annually.
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