Heracles, a member of Holcim Group, signed a Front-End Engineering Design (FEED) contract with Air Liquide Engineering and Construction (E&C) for the CO2 capture, liquefaction, storage and dispatch facilities as part of HERACLES’ large-scale Olympus Carbon Capture & Storage (CCS) Project in Greece.
Olympus is one of the largest CCS projects in Europe, enabling the Heracles plant’s CO2 emissions in the area of Milaki to capture and store 1 million tons of CO₂ annually. In 2023, the project was selected for a grant from the EU Innovation Fund and is scheduled to enter full operation in 2029.
Heracles group, a leader in sustainable building materials in Greece has selected Air Liquide to work jointly to upgrade and equip the Milaki plant with innovative and fully integrated systems for CO2 capture, which will be accomplished by oxygen enrichment and cryogenic separation. Captured CO2 will be liquefied and transported by sea to the Greek offshore sequestration facility of Prinos in the northern part of the Aegean Sea.
This agreement represents a crucial milestone towards the FID (final investment decision) of Olympus CCS project. It underscores Heracles’ commitment to fulfill net zero pledge by materializing a robust large-scale CO2 capturing unit.
The FEED study will provide a detailed blueprint to address technical considerations , define the layout, estimate the investment cost for the design, operation and innovative integration of the carbon capture plant into the existing production facilities and pave the way for the subsequent equipment procuring and construction phases.
Dimitris Chanis, CEO of Heracles Group stated: “This collaboration with Air Liquide, embodies a shared vision of two industry leaders that are committed to innovation and environmental responsibility. For Heracles, Olympus CCS project is a key lever to accelerate our net zero journey. We are committed to driving forward the industry’s decarbonization and energy transition to a more sustainable future’’.