VEKI

Reducing CO₂ emissions - especially in the chemicals sector - requires a lot of investment. Although necessary, CO₂-saving investments are generally not profitable from a business perspective. Entrepreneurs are reluctant because of high investment costs, technical barriers and long payback periods. To accommodate them in this respect, the Dutch government might make the investments interesting with VEKI subsidy (Versnelde klimaatinvesteringen industrie) interesting. The grant per project can be as much as EUR 30 million.

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THEMES 

 

Eligible projects include investments in: 

  1. Energy efficiency other than in buildings: this type of investment must result in the applicant using less energy within its undertaking and/or production process 
  2. Circular economy: this is generally about reducing the amount of inputs (raw materials) necessary to produce output 
  3. local Infrastructure for waste heat and hydrogeninfrastructure: this can be infrastructure for specific users or for general usenot covering airport and port infrastructure 
  4. Other CO₂-reducing measures: any other project whose  
  5. investment leads to a reduction in CO₂ emissions within (the production process of) the applicant’s company. 

 

Investments that reduce CO₂ emissions involve technologies that are widely applicable in many businesses such as: 

  • medium-temperature heat pumps 
  • magnetic drive couplings 
  • waste heat storage and reuse 
  • heat links 
  • use of other raw materials and drying techniques. 

 

For the purposes of this grant, CO₂ also means CO₂ equivalent: the quantity of CH4, N₂O, HFCs, PFCs and SF6, which produces the same greenhouse effect as a unit of mass of CO₂. 

 

WHO CAN APPLY? 

Companies belonging to the following main groups of companies from the Standard Industrial Classification (SBI) are eligible for subsidy: 

  • Industry 
  • Production and distribution of and trade in electricity, natural gas, power and refrigerated air, specifically distribution companies) 
  • Extraction and distribution of water; waste and wastewater management and remediation, specifically those companies that process waste and wastewater. 

 

IMPORTANT 

  • to qualify for VEKI, the payback period of the investment must be longer than 5 years 
  • the subsidy is for investments in equipment, systems or techniques that are ready for the market (demonstration or pilot projects are therefore not covered) 
  • applications are assessed in order of receipt. The end date is 31 January 2025; so do not wait too long with your application but also pay attention to the quality of your project, as this is also an assessment criterion 

 

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