The EU will invest €1.8 billion in clean technologies. Several projects will be carried out in Poland – Economy

Grants will be disbursed from the Innovation Fund to help bring breakthrough technologies to market in the energy-intensive, hydrogen, renewable energy, carbon capture and storage infrastructure and the production of key components for the energy storage and renewable energy sectors.

– Today’s grants support innovative companies across Europe to develop the very latest technologies we need to drive ecological transformation. The Innovation Fund is an important instrument for scaling up innovation in renewable hydrogen and other solutions for European industry. Compared to the first payment round, the available funds have increased by 60%, allowing us to double the number of projects supported. This is a major incentive for decarbonising the energy-intensive sector in the European Union, said deputy head of the European Commission Frans Timmermans.

Decarbonization Initiatives

The 17 winning projects were selected in the second large-scale call for proposals, namely those with an investment cost of more than 7.5 million euros. These projects have been assessed by independent experts for their ability to reduce greenhouse gas emissions compared to traditional technologies and to introduce innovations beyond the latest technologies, and whether they are sufficiently developed to be implemented. Other criteria included the profitability potential of the projects.

The selected projects cover different sectors that contribute to the EU’s decarbonisation efforts. These include sectors responsible for the production, distribution and use of renewable hydrogen, recovery of hydrogen from waste, offshore wind energy, production of photovoltaic modules, storage and recycling of batteries, carbon capture and storage, sustainable aviation fuels and advanced biofuels.

Together they can enable us to save 136 million tons of CO2 equivalent in the first 10 years of use.

Storage of CO2 in marine areas

In one of the cement plants in Germany, the process of capturing carbon dioxide in the second generation “oxyfuel” technology will be implemented. The CO2 obtained in this way is used as a raw material for further processing into synthetic methanol. At the same time, a comprehensive carbon capture and storage chain will be created in Poland, from CO2 capture and liquefaction in a cement plant to offshore storage.

In France, CO2 from the flue gases associated with lime production will be captured and permanently stored in geological formations in the sea. A full carbon capture and storage chain will be developed in Bulgaria. CO2 capture installations in one of the Bulgarian cement plants will be connected to the depleted gas storage facilities in the Black Sea via an onshore and offshore pipeline system.

Converting solid waste into hydrogen

In Finland, plastics will be chemically recycled and can be further used as raw material in refineries. A unique factory is being built in Sweden for converting CO2, waste streams, renewable hydrogen and biogas into methanol. Yet another project in Sweden will focus on the production of a new pulp fiber that can replace polyester in textile applications.

In the Netherlands, three projects will respectively: produce, distribute and use renewable hydrogen by means of offshore wind-powered electrolysers; annual production of 15.5 thousand tons of renewable hydrogen; treat non-recyclable solid waste streams and convert them primarily into hydrogen.

The world’s first commercial drop-in biofuel plant will be built and operational in Norway, producing advanced second-generation biofuels and biochar from forest waste. In Sweden, a large-scale plant is being built for the production of synthetic, sustainable jet fuel using carbon dioxide captured in a combined heat and power plant.

Short-term energy storage

A factory will also be built in Poland for the production of innovative electrochemical battery systems, which can be used to store electricity in the short term.

A factory will be built in the north of France for the production of photovoltaic components based on innovative heterojunction technology. Also in France, in the industrial battery production zone in Dunkirk, a lithium-ion battery recycling plant will be built around the so-called black mass, which will provide access to a secondary source of raw materials for the production of new batteries.

The income of the Innovation Fund comes from the EU Emissions Trading System (ETS) and will amount to more than 38 billion euros in 2030. The aim is to create the right financial incentives for companies and governments to invest in the next generation of low-carbon technologies and to give EU companies a breakthrough advantage to become a global technology leader.

The financial resources are doubled

In the autumn, the Commission will launch a third call for proposals for large-scale projects. As announced in the REPowerEU plan, available funding will be doubled to around €3 billion to further support the EU’s independence from Russian fossil fuels. The Commission encourages the re-submission of applications for projects not selected in previous calls., PAP, DoS

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