Friday, September 29, 2023

The perte for decarbonizing the industry starts at 1,000 million

The Ministry of Industry, Tourism and Trade has prepared the first aid line of the Perte for the decarbonization of the sector, which will be published in mid-October and will have an endowment of 1,000 million euros.

This Perte is one of the large projects with European funds supported by the department headed by Héctor Gómez. It envisages a total public investment of 3.1 billion euros and aims to enable the viability of industrial companies by reducing their emissions.

500 million in grants and another 500 million in loans

The first call is dedicated to comprehensive measures and includes 500 million euros in grants and a further 500 million euros in loans. The industry is also working on a line of action to support the development of new highly efficient and decarbonized production facilities, which are expected to be implemented before the end of the year.

This line of action is part of a perte that includes three other main lines. The first is comprehensive action support for decarbonization; Secondly, it is about aid for companies in connection with hydrogen and thirdly, about the study on the development of a fund to support CO2 difference contracts.

Since the decarbonization proposal was unveiled in February, the industry has held meetings with industrial companies to gauge their interest. More than a hundred companies have expressed their willingness to present projects that could have a private investment volume of more than 11,000 million euros.

A forecast of 8,000 jobs

According to government estimates, this Perte will enable the creation of 8,000 jobs. The funding will largely come from the government-approved addendum to the economic recovery plan, which is currently being negotiated with the European Commission and is expected to be approved soon by Brussels.

Of all the benefits included in the addendum, the decarbonization project will receive the highest amount with a planned 2,720 million euros, of which 1,700 million will be in the form of loans and another 1,020 million in the form of direct transfers.

The planned actions will be carried out between 2023 and 2026, but the projects could end later. Target industries include ceramics, cement, glass, chemicals, oil refining and paper.

World Nation News Desk
World Nation News Desk
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