O.C.O Technology sign landmark deal in Spain
Company signs landmark deal with Petronor to develop joint-venture facility in Bilbao
O.C.O Technology have announced a joint venture with Petronor to develop a €20 million facility in the Port of Bilbao.
It will be the first facility in continental Europe to produce carbon-negative manufactured limestone aggregate using O.C.O’s patented Accelerated Carbonation Technology (ACT). The process will use CO2 captured from the Petronor refinery to treat municipal waste that would otherwise have been sent to landfill.
Work is due to begin later this year with the plant due to be commissioned in early 2026.
O.C.O chief executive officer Steve Greig believes the partnership is a major step forward in helping the European Energy from Waste (EfW) sector manage its waste materials. European Union (EU) regulations already demand that by 2035, only 10% of municipal waste should be sent to landfill.
Mr Grieg said: ‘This is a hugely important milestone for O.C.O Technology and we are delighted to be working closely with our European partner Petronor. This development marks a number of firsts for us.
‘It will be our first large-scale carbon capture and aggregates manufacturing facility in Europe and our first joint venture with the formation of Biscay Eco Aggregates SL (BEA).
‘Our innovative processes and products are making a significant difference by contributing to the low-carbon circular economy. We firmly believe that this is just the first of many opportunities to demonstrate how our technology can transform the way the European Energy from Waste sector manages its waste materials.'
