Under project Eco2Fly, the project partners will capture a portion of the CO2 produced at Holcim’s cement plant. The new facility in Toledo is designed to capture over 700,000 tonnes of CO2 per year during cement production, while the unused CO2 will be permanently stored underground.
In an online statement, the partners claimed Eco2Fly will avoid emissions of over 6.5 million tonnes of CO2 across its first 10 years of operation.
The three companies plan to submit the initiative to the next call of the EU’s Innovation Funds to de-risk the high Capex project.
José Antonio Membiela, CEO of Ignis P2X, claimed the project is the “most important in the production of SAF currently produced in Spain, both in terms of size, strategic location and the circularity it offers partners.”
Last June, KKR agreed to provide up to €400m ($437m) for the development of green hydrogen, ammonia and other green technology-based projects being developed in collaboration with Ignis P2X in Spain and other locations.
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