Enagás, Holcim and Saggas have announced an agreement for the joint development of an innovative project for the decarbonisation of the CO2 intensive process industry, in the context of a technical visit to Sagunto.
The CEO of Enagás, Arturo Gonzalo, the CEO of Holcim España, Ricardo de Pablos, and the Managing Director of Saggas, Santiago Álvarez, have presented the “CO2necta Project”, which will create an integrated capture, transmission and storage value chain in the Valencian municipality of Sagunto. This will prevent the emission of more than 560,000 tonnes of CO2 per year in the Valencian Community.
The project will develop a CO2 capture plant at the Holcim factory in Sagunto. The CO2 will then be transferred through Enagás infrastructures to the Saggas terminal, located in the Port of Sagunto, where a liquefaction process will be carried out. Once in liquid form, the CO2 will be transported in ships to its final geological storage.
From left to right, Santiago Álvarez, CEO of Saggas; Arturo Gonzalo, CEO of Enagás; and Ricardo de Pablos, CEO of Holcim Spain, in a visit to a LNG plant in Sagunto
Strategic impact and partnership model
The consortium formed by Enagás, Holcim and Saggas, is based on the establishment of a pioneering circular economy model – the biogenic portion of the captured CO2 can be used for the production of e-methanol and other biofuels – and decarbonisation in the municipality of Sagunto and its surroundings. CO2necta will stimulate the local and national economy, especially in strategic hard-to-abate sectors.
CO2necta is an example of collaboration between leading companies committed to industry transformation and decarbonisation through innovative technologies and the creation of a benchmark value chain for other sectors.
The CEO of Enagás, Arturo Gonzalo, stressed that “CO2necta contributes with innovative solutions to jointly advance our decarbonisation commitments, especially relevant in strategic sectors that cannot be decarbonised”. He added that “this pioneering project promotes the sustainable management of CO2 in Spain and Europe, and highlights the role of strategic infrastructures such as Saggas in leading decarbonisation in industry, boosting the competitiveness of the sector”.
In this regard, the CEO of Holcim Spain, Ricardo de Pablos, stressed that “industrial decarbonisation requires intersectoral alliances and projects that allow the development of the CO2 value chain, with transmission infrastructures and logistics hubs to promote economies of scale, making the transformation of industry possible”.
During the visit, Arturo Gonzalo and Ricardo de Pablos toured the Saggas Liquefied Natural Gas terminal – in which Enagás holds a 72.5% stake – and the Holcim factory in Sagunto, key infrastructures in the value chain envisioned by the project.
