Air Liquide and Aalborg Portland sign grant agreement for ACCSION project

Air Liquide and Cementir Holding NV, through its Danish subsidiary. Aalborg Portland A/S, have officially signed the grant agreement from the European Innovation Fund for their ACCSION project in Denmark.

Located in Aalborg, the ACCSION project would 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 1.5Mta of CO₂ emissions. 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 programmes for promoting innovative low-carbon technologies. The grant of EUR220m is an important step in the realisation of the project. Joining forces with CINEA - European Climate, Infrastructure and Environment Executive Agency is key to reach Air Liquide’s and Cementir’s carbon neutrality ambitions by 2050, and helps to support Europe’s leadership towards decarbonisation.

This project has received support from the EU’s Innovation Fund. The Innovation Fund is 100 per cent funded by the EU Emissions Trading System.