Big success for the CO2 Value Workshop on CCU Innovation Fund and other EU Funding Opportunities
European Commission revised version of the ETS Innovation Fund will provide €10 billion over the next 10 years to support innovative low carbon projects
Over 100 participants attended the workshop on CCU Innovation Fund and other EU Funding Opportunites, which took place in Brussels on 19 September. Besides CO2 Value Europe members, the event also attracted many non-members of the association, highlighting a big interest of the CCU community in the European Commission revised version of the ETS Innovation Fund. The fund will provide €10 billion over the next 10 years to support innovative low carbon projects that can provide significant climate mitigation benefits.
One of the achievements of the work of CO2 Value Europe is that Carbon Capture & Utilization (CCU) technologies are now included in the scope of this important European funding instrument, which was not the case in the first version of the fund (called NER300).
During the event, a high number of demonstration projects that could be eligible for Innovation Fund support were presented by, among others, Linde, Twence, CRI, VTT , HeidelbergCement, NordicBlueCrude, SUNFIRE, TNO, Minijos Nafta, CCU HUB GHENT consortium and Port of Antwerp. A special session from the Joint Research Centre (JRC) was dedicated to the methodology of calculating GHG emissions avoidance. DG CLIMA addressed the concerns of the participants, and welcomed the feedback to the questionnaire it developed for the design of the first call.
In the afternoon, other funding opportunities and ideas focusing on H2020 topics were presented and DG RTD talked about the place of CCU in Horizon Europe.
“It is great to see so many demonstration projects in a broad diversity of CCU application sectors. Compared to the situation two years ago when we created CO2 Value Europe, we can really see that corporate pioneers are now ready to make significant financial investments to bring CCU technologies to the market”, said Damien Dallemagne, Secretary General.
Follow up between CVE, DG CLIMA and project owners will continue until the beginning of 2020.
More details about the innovation fund are available on the Innovation Fund page, in particular via a summary presentation and a FAQ.
The event’s presentations will be available here soon.
The event’s pictures are available here.
Contact
Françoise Maon
CO2 Value Europe Manager
E-Mail: [email protected]
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About CO2 Value Europe
CO2 Value Europe was founded at the end of 2017 and represents the Carbon Capture and Utilisation (CCU) sector across industries. We are committed to showcasing the important role of CCU technologies in achieving the ambitious goals of the EU’s Green Deal, broadening Europe’s economic and technical leadership and becoming the first climate-neutral continent by 2050.
Source: CO2 Value Europe, press release, 2019-09-25.