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Spain approves the first projects of the Decarbonization Perte

by AI | 29.May 2024 | Europe in brief AI

Spain has approved the first projects of the Decarbonization Perte, with subsidies amounting to 96 million euros. The President of the Government of Spain, Pedro Sánchez, has considered that it will be a “key” initiative to transform the Spanish industry.

The Minister of Industry and Tourism, Jordi Hereu, attends the media upon his arrival at the ‘CREO’ forum, the economic forum on the social transformation and progress of businesses in Spain, at the Mandarin Oriental Ritz Hotel, on May 20, 2024, in Madrid (Spain). Photo: Eduardo Parra / Europa Press

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Madrid – The Ministry of Industry and Tourism of the Government of Spain has approved the first 19 provisional resolutions for the call of line 1 of the Perte of industrial decarbonization, with grants amounting to nearly 96 million euros that will allow to mobilize more than 307 million euros in total investment.

Line 1, which promotes green industry, is endowed with 1 billion euros, 500 million in grants and another 500 million in loans, according to the Spanish Minister of Industry and Tourism, Jordi Hereu. In addition, it is planned to launch a second call of line 1 throughout the second half of 2024.

The 19 projects that have received grants are those of the companies Acor, Biotérmica Billanueva, Carnes y Vegetales, Cementos Tudela Veguín, Cemex (2), Cervezas Mahou, Cítricos del Andarax, Ederfil Becker Koop, Ence, Enso Esco (2), Ferroglobe Spain Metals, Gestamp (2), Industrias Peleteras, Resonac Graphite Spain, Solvay Química, and Zukan.

The largest grant, with 50 million euros, more than half of all assigned, has been received by Enso Esco, for its plants in Olmedo (Valladolid) and Torrelavega (Cantabria) and biomass development. It is followed by Ferroglobe, with 11.7 million euros, for its plant in Arteixo (La Coruña).

From the Ministry of Industry and Tourism, they point out that the approvals will serve to drive a more sustainable economy by focusing on reducing carbon emissions in the industrial sector through the use of innovative technologies and ‘eco-efficient’ practices.

“There is life beyond the Perte, beyond 2026,” said Hereu, who advocated thinking beyond 2026 since there will be many challenges that won’t be completed.

In his speech, Hereu pointed out the energy transition as a factor for the “reindustrialization” that, along with decarbonization, are the great challenges of the industrial sector. According to him, the industry has now been “rediscovered,” although there are areas that “never forgot it.” 

For his part, the President of the Government of Spain, Pedro Sánchez, insisted this Wednesday that the Perte for Industrial Decarbonization will be a “key” initiative to transform Spanish industry.

“The Perte for Industrial Decarbonization I believe will be a key initiative to transform our industry. To do this, it is mobilizing nothing less than 11.8 billion euros of public and private investment,” he said during the control session to the Executive in the Plenary of the Congress of Deputies.

The President of the Government, who answered the question from the PNV spokesperson in the Congress, Aitor Esteban, stated that both the Ministry for Ecological Transition and the Demographic Challenge and that of Industry and Tourism are working to “expand and improve” the Spanish electricity grid and meet the “new needs.” (May 28 and 29)

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