Zeeland-based ALTA Group (ALTA) has announced that it will receive a subsidy worth €58.5m ($62.7m) from the EU’s Just Transition Fund (JTF) for a project that aims to transform carbon dioxide (CO2) captured from industrial processes into valuable chemicals.
The economy of Zeelandic Flanders in the north-eastern part of Flanders (which lies mostly in Belgium) relies heavily on fossil fuel-intensive industry.
By capturing, storing, and converting CO2 into chemicals such as cyclic carbonates, the region could reduce carbon emissions and greenify the chemical industry.
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