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30.05.2025 07:10:53

Holcim breaks ground of OLYMPUS flagship project in Greece for near-zero cement

Holcim Group Services Ltd / Key word(s): Miscellaneous
Holcim breaks ground of OLYMPUS flagship project in Greece for near-zero cement

30.05.2025 / 07:10 CET/CEST


  • EUR 400m project in Greece to advance Europe’s Clean Industrial Deal
  • Plant engineered to produce 2 million tons of near-zero cement a year from 2029
  • Groundbreaking ceremony attended by Greek PM Kyriakos Mitsotakis

 

Holcim has broken ground at the state-of-the-art OLYMPUS project at its plant in Milaki, Greece, engineered to produce 2 million tons of near-zero cement per annum from 2029. With a planned investment of EUR 400 million, the OLYMPUS project will put innovation to work to advance Europe’s Clean Industrial Deal. The project has been selected for a grant from the EU Innovation Fund. The plant’s groundbreaking was held in the presence of Kyriakos Mitsotakis, Prime Minister of Greece.

Kyriakos Mitsotakis, Prime Minister of Greece: “This is a project of strategic importance, a project made possible thanks to the combination of private funding from the parent company — and we thank you for the trust you place in our country — as well as significant European funding. And surely, this investment did not receive the name of the legendary OLYMPUS by chance. We are talking about an investment of nearly EUR 400 million, of which EUR 125 million are European funds. But, of course, I would say that the most important aspect is the creation of well-paid jobs: more than 1,000 new positions during the construction phase alone, and an additional 100 jobs during the operational phase. I would say this is the social footprint left by the advancement of industry in our country.”

Miljan Gutovic, CEO Holcim Group: “Holcim is on course to make near-zero cement and concrete a reality at scale this decade, as the leading partner for sustainable construction. The OLYMPUS project in Greece is one of our seven large-scale, European Union-supported carbon capture, utilization and storage projects that are setting the Clean Industrial Deal in motion. Together, these will enable Holcim to offer over 8 million tons of near-zero cement each year across Europe by 2030.”

OLYMPUS will deploy the combination of OxyCalciner and Cryocap™ FG technologies as a novel cost-efficient innovation for carbon capture. At the regional level, it is expected that OLYMPUS will create more than 1,000 direct and indirect jobs, contributing to the overall economic development of the surrounding area in Evia. Holcim is partnering with Air Liquide on the project with EUR 125 million in support from the Innovation Fund, financed by revenues from the EU Emissions Trading System.

About Holcim
Holcim is a global leader in innovative and sustainable building solutions with net sales of CHF 26.4 billion in 2024. Our 65,000 employees are driven by our purpose to build progress for people and the planet across our regions to improve living standards for all. We partner with our customers to offer the broadest range of advanced solutions, from sustainable building materials ECOPact and ECOPlanet, to our circular technology ECOCycle®, all the way to Elevate’s advanced roofing and insulation systems.

Learn more about Holcim on www.holcim.com, and by following us on LinkedIn.

Sign up for Holcim's Building Progress newsletter here.

Important disclaimer – forward-looking statements:
This document contains forward-looking statements. Such forward-looking statements do not constitute forecasts regarding results or any other performance indicator, but rather trends or targets, as the case may be, including with respect to plans, initiatives, events, products, solutions and services, their development and potential. Although Holcim believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions as at the time of publishing this document, investors are cautioned that these statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are difficult to predict and generally beyond the control of Holcim, including but not limited to the risks described in the Holcim's annual report available on its website (www.holcim.com) and uncertainties related to the market conditions and the implementation of our plans. Accordingly, we caution you against relying on forward-looking statements. Holcim does not undertake to provide updates of these forward-looking statements.



End of Media Release


2147912  30.05.2025 CET/CEST

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