Project FinanceEnergy & RenewablesPUBLISHED
Brussels Funds Green Projects for Molins and Greenertis
Target
Molins and Greenertis green projects
The European Commission has included eight Spanish companies, including Molins and Greenertis, in its Innovation Fund call. This funding will support green projects by these companies.
✦ Meridian Analysis
The European Commission has awarded Innovation Fund support to eight Spanish firms, among them the cement group Molins and the recycling specialist Greenertis. Molins will receive financing for its Mosusol‑CO₂ project, which aims to install a carbon‑capture and storage system capable of seizing roughly 97 % of the emissions generated by clinker production at its Sant Vicenç dels Horts plant in Barcelona. Greenertis will use the grant to build a Tarragona facility that converts hard‑to‑recycle plastic waste into a feedstock oil for new polymers, an investment estimated at about €30 million that could avoid roughly 1.5 million tonnes of CO₂ over its first decade. The Commission has not specified the amount destined to each company, but the two initiatives are classified as large-scale projects in the convocatoria, those that have obtained more resources.
What remains undisclosed are the precise grant allocations to each company. Information on the advisers involved and the conditions attached to the funding will be essential for assessing the overall financial structure and the projects’ ability to deliver the projected emission cuts.
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