Olympus HERACLES Group – HOLCIM’s Carbon Capture project towards a Net Zero Future

Enabling the development of CO₂ storage capacity in southern Europe

NEWS

CURRENT CONSTRUCTION PROGRESS

Stage   2 / 14

Raw Material Optimization

EU and HERACLES Group initiative

HERACLES Group signed Agreement with the EU Innovation Fund for the large-scale Carbon Capture project Olympus

ABOUT

On the way to a net zero future

An innovative large-scale CO₂ emissions avoidance project in Greece that will spearhead the decarbonization of energy-intensive industries

NET-ZERO

By 2029

FUNDING

EU Innovation Fund

PATHWAY

Storage

ANNUAL CO₂ CAPTURE

EU Innovation Fund

TECHNOLOGY

Oxygen enrichment, adsorption and cryogenic purification

INNOVATION

New scalable and replicable technology for a more sustainable CO₂ capture and usage process

Dimitris Chanis

CEO Heracles Group

Message from the CEO

With our innovative OLYMPUS project, we are contributing to the decarbonization of our industry, leading the way towards a net-zero future in Greece and Europe.

Net zero by 2050

Olympus represents the largest initiative of its kind in Europe, marking a monumental leap forward in HERACLES’ ambitious decarbonization journey. Find out more about HERACLES’ Group net zero roadmap.

Comparative Advantages

An innovative large-scale CO₂ emissions avoidance project in Greece that will spearhead the decarbonisation of energy-intensive industries

It is a well- designed , mature project of a high technical readiness level that has been selected for a grant by the EU Innovation Fund The OxyCalciner with Cryocap (TM) Oxy capture solution is currently the most cost & energy- efficient technology The Milaki Plant is ideally located for sea transport. Its strategic geographic location of the coast of the Aegean sea renders the transportation of liquid CO₂ to numerous available sequestration sites efficient and cost - effective. OLYMPUS is an innovative integrated project and comes with the support and know-how of our parent company Holcim, a world leader in sustainable building solutions.

It is a well- designed , mature project of a high technical readiness level that has been selected for a grant by the EU Innovation Fund
The OxyCalciner with Cryocap (TM) Oxy capture solution is currently the most cost & energy- efficient technology
The Milaki Plant is ideally located for sea transport. Its strategic geographic location of the coast of the Aegean sea renders the transportation of liquid CO₂ to numerous available sequestration sites efficient and cost - effective.
OLYMPUS is an innovative integrated project and comes with the support and know-how of our parent company Holcim, a world leader in sustainable building solutions.

Key Benefits

Key benefits at EU national and regional level

CO₂ Utilization

The abundant high- purity CO₂ captured, apart from sequestration, could also be utilized in the future.

CCUS Hub

It will transform the Evia area into a CCUS hub in Greece, where innovative CCUS technologies will develop and mature. The paradigm of the OLYMPUS project will scale-up the decarbonization of other energy- intensive industries in the wider region.

Industry Impact

The knowledge and experience gained in capturing, storing and shipping CO₂ will accelerate the decarbonization of energy-intensive industries in the region.

EU Climate Goals

It actively contributes to the attainment of the EU’s climate neutrality target by 2050.

Brain Gain

It will bring back specialized scientific- technical human capital, which has left the country (brain drain) and thus strengthen the society and economy of Central Greece, where the plant is located.

Emission Reduction

The CO₂ that will be avoided represents the 2% of total Greece’s CO₂ emissions and ~20% of the sector’s emissions in Greece.

Key benefits at EU national and regional level

CO₂ Utilization

The abundant high- purity CO₂ captured, apart from sequestration, could also be utilized in the future.

CCUS Hub

It will transform the Evia area into a CCUS hub in Greece, where innovative CCUS technologies will develop and mature. The paradigm of the OLYMPUS project will scale-up the decarbonization of other energy- intensive industries in the wider region.

Industry Impact

The knowledge and experience gained in capturing, storing and shipping CO₂ will accelerate the decarbonization of energy-intensive industries in the region.

EU Climate Goals

It actively contributes to the attainment of the EU’s climate neutrality target by 2050.

Brain Gain

It will bring back specialized scientific- technical human capital, which has left the country (brain drain) and thus strengthen the society and economy of Central Greece, where the plant is located.

Emission Reduction

The CO₂ that will be avoided represents the 2% of total Greece’s CO₂ emissions and ~20% of the sector’s emissions in Greece.

Expected Results

An innovative large-scale CO₂ emissions avoidance project in Greece that will spearhead the decarbonisation of energy-intensive industries

Ground-breaking advancement for CCS

Promotion of the decarbonisation of carbon-intensive industries

Cost-efficient CO₂ capturing solution

Contribution to the achievement of Net Zero targets

High scalability potential in terms of technology, transport, synergies and developing CO₂ use