JAN. 31, 2025
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 OptimizationEU and HERACLES Group initiative
HERACLES Group signed Agreement with the EU Innovation Fund for the large-scale Carbon Capture project Olympus
ABOUTOn 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.
Latest News
News and updates in avoidance project in Greece that will spearhead the decarbonisation of energy-intensive industries
NOV. 7, 2024
NOV. 5, 2024
OCT. 19, 2024
MAR. 28, 2024
DEC. 5, 2023
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
Co-funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or CINEA, the granting authority. Neither the European Union nor the granting authority can be held responsible for them.
OLYMPUS © 2025 ALL RIGHTS RESERVED
OLYMPUS © 2025 ALL RIGHTS RESERVED