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Policy & financeBECCS / biomassJuly 6, 2026

Spain Allocates $364M For Cement Sector CCUS And Hydrogen Overhauls

The Spanish government has awarded a total of €319 million (~$364 million) to major heavy-industry players, including Votorantim Cimentos, for carbon capture and storage (CCUS) projects in the cement sector. These investments aim to modernize cement production facilities and integrate green hydrogen technologies, marking a major turning point in the sector's decarbonization. This financial commitment demonstrates political will to accelerate the transition toward carbon-neutral industrial processes.

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