Our green agenda attracts €7,76 million funding - another first for Grecian Magnesite!

Athens, Greece -- April 4, 2022 -- We are happy to announce that Grecian Magnesite is the first Greek company to be eligible for a €4,85 million funding by the National Recovery and Resilience Plan Greece 2.0.

The €10 million investment scheme, co-funded by the National Bank of Greece (€2,91 million) and Grecian Magnesite (€2,3 million), aims for a new green deal enhancing productivity, spurring competitiveness and promoting environmental and human welfare.     

The 5-year plan will particularly focus on 3 pillars;

Climate Neutrality - mainly the Evia underground mine electrification project, contributing in zero CO₂ emissions due to battery-electric driven machines.

Circular Economy - sustainable use of mineral resources with advanced processing technologies, utilization of processing by-products and new product development from mining wastes.

Green energy transition - further boost of initiatives already carried by Grecian Magnesite such as the replacement of fossil fuels with sustainably-produced biomass, the maximization of energy efficiency and the use of solar photovoltaic technology

We look forward to contributing in the shift of the mining industry towards a sustainable future!