Ence secures €24.7M from Perte Decarbonization for As Pontes recycled fiber bioplant

The €24.7 million grant from Spain's Perte Decarbonization program provides direct, non-dilutive financing for Ence Energía y Celulosa's recycled fiber bioplant in As Pontes, Galicia. This public capital significantly de-risks the industrial project, reducing the capital expenditure burden for the Spanish industrial group. The funding specifically targets the development of a facility focused on recycled fiber, aligning with the commercial logic of fostering circular economy principles within Spain's industrial sector. For Ence, securing this grant enhances the financial viability of its sustainable pulp production capabilities and accelerates deployment in Galicia. This government support directly incentivizes green industrial technologies, driving the nation's decarbonization agenda. Perte de Descarbonización Industrial, a strategic program managed by the Spanish Ministry of Industry, Trade and Tourism, deploys a portion of its €3.17 billion public budget through such grants. This allocation to Ence's As Pontes bioplant demonstrates the program's commitment to fostering industrial transformation across Spain. Ence Energía y Celulosa, already operating over 400 MW of biomass energy capacity, further diversifies its sustainable production portfolio with this recycled fiber facility. The grant enables Ence to expand its industrial footprint beyond traditional biomass energy generation, reinforcing its position in the sustainable industrial sector in Spain. This financing mechanism illustrates the Spanish government's active role in directing capital towards industrial projects that meet specific decarbonization objectives.