Air Liquide and Cementir Holding Group to Receive Support from European Innovation Fund for Carbon Capture and Storage Project in Denmark
L'AIR LIQUIDE SA UNSP/ADR (AIQUY)
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Source: Business Wire
PARIS--(BUSINESS WIRE)--Regulatory News:Air Liquide (Paris:AI) and Cementir Holding Group, through its fully owned subsidiary Aalborg Portland, have launched a joint decarbonization project, named ACCSION. Located in Aalborg, Denmark, 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. Air Liquide and Cementir Holding Group’s project ACCSION has been selected by the European Commission to receive 220 million euros in project support under the EU Innovation Fund.Cement is one of the “hard-to-abate” industries as the production of its main component, clinker, requires heating limestone which inherently generates CO2. Thanks to its proprietary and innovative technology CryocapTM, Air Liquide would capture, purify and liquefy approximate
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