Cementir announced that its subsidiary Aalborg Portland has signed a carbon capture subsidy agreement with Denmark worth up to EUR 2.2 billion. The deal supports the cement plant's efforts to capture and store CO2 emissions, a key step for hard-to-abate industrial sectors. This is one of the largest public subsidies for carbon capture in Europe and signals Denmark's commitment to meeting its climate targets through direct industrial decarbonization. The agreement provides a financial framework for Aalborg Portland to deploy carbon capture technology at scale. Cement production accounts for around 8% of global CO2 emissions, and projects like this are critical for reducing industrial emissions. The subsidy structure and timeline will determine how quickly the plant can begin operations and how much carbon it can actually capture each year.
