Holcim, EDF, IFPEN and AXENS to convert CO2 into synthetic aviation fuel, with support of Air France-KLM

• Holcim to join “Take Kair” project with its Saint-Pierre-La-Cour plant
• Use of e-kerosene will avoid 100,000 tons of CO2 per year
• Contributes to the decarbonization of France’s aviation industry

Holcim, EDF, IFPEN ("Institut Français du Pétrole et des Energies Nouvelles") and Axens are joining forces to develop e-kerosene that will contribute to decarbonize France’s aviation industry. Holcim will join “Take Kair” project with its cement plant in Saint-Pierre-La-Cour, where it will capture biogenic CO2; IPFEN and its affiliate Axens will provide the technology for the synthesis; EDF will turn the CO2 into e-kerosene, a synthetic sustainable aviation fuel (e-SAF). As a partner, Air France-KLM will be the main buyer of the e-kerosene produced by this new industrial activity.

Miljan Gutovic, Region Head for Europe, Holcim: “Holcim is becoming a net-zero company, with 1.5°C-aligned targets scientifically validated by the Science Based Targets initiative (SBTi). Next generation technologies, such as carbon capture, utilization and storage (CCUS) will play a key role in enabling a net-zero future. Their development requires robust partnerships across the value chain, from public authorities to companies from different industries. ‘Take Kair’ is a good example of how we can all join forces to decarbonize a sector like aviation for a more sustainable future”.

Holcim is scoping over 50 CCUS projects around the world, 11 of which are flagship projects, based on mature technologies and strong partnerships. By 2030 Holcim is committed to investing CHF 2 billion in CCUS and capturing more than 5 million tons of CO2 annually. Holcim’s projects range from carbon capture and storage to utilization, including mineralization to produce low-carbon cement, all the way to using it as a greenhouse gas for farming or feedstock for other industries.

“Take Kair” is one of the first industrial projects of its kind in France. Once operational, it will avoid over 100,000 tons of CO2 emissions per year, in line with the French government's targets for decarbonizing air transport, to anticipate the upcoming European "ReFuel Aviation" regulation.

About Holcim

Holcim is a global leader in innovative and sustainable building solutions with net sales of CHF 29.2 billion in 2022. Driven by its purpose to build progress for people and the planet, its 60,000 employees are on a mission to decarbonize building, while improving living standards for all. The company empowers its customers across all regions to build better with less, with its broad range of low-carbon and circular solutions, from ECOPact to ECOPlanet. With its innovative systems, from Elevate roofing to PRB’s insulation, Holcim makes buildings more sustainable in use, driving energy efficiency and green retrofitting. With sustainability at the core of its strategy, Holcim is becoming a net-zero company with 1.5°C targets validated by the Science Based Targets initiative (SBTi).

Learn more about Holcim on www.holcim.com, and by following us on LinkedIn.

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This document contains forward-looking statements. Such forward-looking statements do not constitute forecasts regarding results or any other performance indicator, but rather trends or targets, as the case may be, including with respect to plans, initiatives, events, products, solutions and services, their development and potential. Although Holcim believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions as at the time of publishing this document, investors are cautioned that these statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are difficult to predict and generally beyond the control of Holcim, including but not limited to the risks described in the Holcim's annual report available on its website (www.holcim.com) and uncertainties related to the market conditions and the implementation of our plans. Accordingly, we caution you against relying on forward-looking statements. Holcim does not undertake to provide updates of these forward-looking statements.