Ercros secures €20M ICF loan to decarbonise Tarragona Industrial Complex
- ICF provided a €20 million EcoVerda loan to finance decarbonisation at Ercros’ Vila‑seca I and II plants.
- The project targets a 56% reduction in CO₂ emissions at the Tarragona Industrial Complex.
- Measures include an electric boiler at Vila‑seca I, biomass-fired steam generation and waste-heat recovery at Vila‑seca II, and optimisation of hydrogen from chlor‑alkali production.
- The ICF loan covers about 35% of the total €56.7 million investment, which also received a €14 million grant under Spain's PERTE programme.
Transaction
The Catalan Institute of Finance (ICF) provided a €20 million EcoVerda loan to support Ercros’ decarbonisation works at its Vila‑seca I and Vila‑seca II plants within the Tarragona Industrial Complex (CIT).
Planned measures
At Vila‑seca I Ercros will install an electric boiler to partially replace fossil fuel heat generation. At Vila‑seca II the company will install a biomass‑fired steam generation system and a waste heat recovery (WHR) system. Both plants will also implement measures to optimise use of hydrogen produced in the chlor‑alkali process.
Financing and expected impact
The package aims to reduce the complex's CO₂ emissions by 56% and lower fossil fuel consumption. The total investment is €56.7 million; the ICF loan finances roughly 35% and the project has also received a €14 million PERTE grant from Spain.
Site profile
Ercros' Tarragona Industrial Complex employs 324 people, generates annual revenues of €214.8 million and exports about 43% of its production.
Source: Ercros
