- The OLYMPUS project in Greece will produce 2 million tons of near-zero cement annually from 2029.
- The project involves a EUR 400 million investment, with EUR 125 million from the EU Innovation Fund.
- OLYMPUS will use OxyCalciner and Cryocap™ FG technologies for carbon capture.
- The project will create over 1,000 jobs during construction and 100 during operation.
Project Overview
The OLYMPUS project, located at Holcim's plant in Milaki, Greece, is set to produce 2 million tons of near-zero cement annually starting in 2029. This initiative is part of a broader effort to advance Europe's Clean Industrial Deal and has been selected for a grant from the EU Innovation Fund.
Investment and Funding
The project represents a significant investment of EUR 400 million, with EUR 125 million sourced from European funds. This financial backing underscores the strategic importance of the project, which combines private funding from Holcim and substantial European support.
Technological Innovation
OLYMPUS will employ a combination of OxyCalciner and Cryocap™ FG technologies, offering a novel and cost-efficient approach to carbon capture. This technological deployment is part of Holcim's broader strategy to make near-zero cement and concrete a reality at scale within this decade.
Economic Impact
The project is expected to create more than 1,000 direct and indirect jobs during the construction phase, with an additional 100 positions during the operational phase. This job creation is anticipated to contribute significantly to the economic development of the surrounding area in Evia.
Partnerships and Support
Holcim is collaborating with Air Liquide on the OLYMPUS project, which benefits from EUR 125 million in support from the Innovation Fund. This fund is financed by revenues from the EU Emissions Trading System, highlighting the project's alignment with broader European environmental and industrial goals.
