In a major move towards sustainable waste management, oil and gas company Petronor has joined forces with O.C.O Technology to establish a €20 million facility in the Port of Bilbao, Spain. This collaboration aims to create the first carbon-negative manufactured limestone aggregate plant in continental Europe using O.C.O’s Accelerated Carbonation Technology (ACT).
The process behind this partnership involves capturing CO2 from the Petronor refinery and using it to treat municipal waste that would otherwise end up in landfills. This project marks several milestones for O.C.O Technology, including their first large-scale carbon capture and aggregates manufacturing facility in Europe. The joint venture between the two companies has led to the creation of Biscay Eco Aggregates SL (BEA), where O.C.O holds a 25% ownership share and Petronor owns the remaining 75% stake.
O.C.O CEO Steve Greig expressed his excitement about the project, stating that their innovative technology is making a significant impact on the low-carbon circular economy. The joint venture between O.C.O Technology and Petronor has received recognition from the Spanish community, winning awards such as the Innovation Fund Small Scale Award in 2021 and receiving financial support from programs organized by the Basque government.
This collaboration demonstrates how companies can work together to address environmental challenges and contribute to a more sustainable future. Construction of the Bilbao plant is set to begin later this year, with operations expected to start by early 2026.
In conclusion, this partnership between two leading companies is an important step towards finding sustainable solutions for industrial waste management while contributing positively to economic growth and innovation in Bilbao region of Spain.
Furthermore, this collaboration also marks a significant milestone for OCO Technology as it represents their first large-scale carbon capture and aggregates manufacturing facility in Europe.
Overall, this project will not only help reduce greenhouse gas emissions but also bring new opportunities for economic growth and innovation in Spain while setting an example for other countries around the world on how industries can work together towards sustainability goals.
