Heracles General Cement

Heracles General Cement Corporation, commonly identified as A.G.E.T. Heracles, is a Greek construction-materials company focused on cement, ready-mix concrete and aggregates. Its activities cover the manufacture and distribution of cement products, the production or supply of aggregates and concrete, and the sale of intermediate materials such as clinker. The company also provides a number of supporting industrial and logistics services, including steel-frame work, mechanical maintenance, sea transportation and ship-management services. The company is headquartered in Athens and operates a geographically distributed industrial network. Its assets include three cement-production plants and six distribution centers in Greece, together with facilities and operations extending to Switzerland. One of its plants, in Volos, is described as the largest cement plant in Europe. This network enables Heracles to supply cement in both bagged and bulk forms, as well as materials used in construction and other industrial applications. Heracles is positioned as an integrated building-materials producer rather than solely as a cement brand. Its portfolio spans different cement grades, aggregates, concrete and clinker, allowing it to serve construction projects through several stages of the materials chain. The company’s industrial-services and maritime capabilities further support the movement, maintenance and handling of its products and production assets. Heracles has also become associated with decarbonization efforts in the cement industry. In 2022, it announced the Olympus carbon-capture and storage project, intended to transform its Milaki cement plant on Evia into a net-zero-carbon facility. The project received support from the European Union Innovation Fund and was described as involving investment of more than €300 million. Its proposed system combines carbon capture with storage infrastructure, with captured carbon dioxide intended to be liquefied and transported by sea to an offshore sequestration facility at Prinos in the Aegean Sea. In January 2025, Heracles signed a Front-End Engineering Design agreement with Air Liquide for the Olympus project. Air Liquide’s planned contribution includes integrated systems for carbon-dioxide capture, oxygen enrichment and cryogenic separation. The agreement represented a move from project announcement toward detailed engineering and implementation planning. As of September 2018, the company employed 511 people. The available reference material does not establish a founding year, founder, current chief executive, current ownership structure after changes to the LafargeHolcim group, or a standalone stock-market listing.

Heracles General Cement Corporation is a Greek cement and construction-materials enterprise headquartered in Athens. It is also known by the Greek corporate name A.G.E.T. Heracles. The company’s documented operating base includes cement production, distribution, aggregates and concrete, with activities extending across Greece and Switzerland. The company operates three cement-production plants and six distribution centers in Greece. Its Volos facility is described in the reference material as the largest cement plant in Europe. Through this network, Heracles supplies cement in bagged and bulk formats, different cement grades, aggregates, concrete and clinker. These products serve construction and other industrial uses. The company’s scope also includes steel-frame and mechanical-maintenance services, sea transportation and ship-management activities, giving it capabilities beyond the manufacture of cement itself. The available material identifies Heracles as a subsidiary of LafargeHolcim and records a workforce of 511 employees as of September 2018. It does not provide a reliable founding date or founder, and it does not identify current executives or a current standalone listing. Accordingly, the company’s historical development before the documented operating and ownership references cannot be reconstructed safely from the supplied sources. A major recent strategic development is the Olympus carbon-capture and storage project. Announced in 2022, the project is intended to reduce emissions from the Milaki cement plant on Evia and make it a net-zero-carbon facility. The project was described as receiving funding from the European Union Innovation Fund, with investment of more than €300 million. Its technical concept involves capturing carbon dioxide from cement production, processing it for transport and moving it by sea to an offshore sequestration site at Prinos in the Aegean Sea. In January 2025, Heracles entered into a Front-End Engineering Design agreement with Air Liquide to advance Olympus. Air Liquide’s planned work covers carbon-dioxide capture, oxygen enrichment and cryogenic separation. The agreement marks a transition from announcing the decarbonization concept to developing the detailed engineering needed for implementation. The project is therefore central to Heracles’ current public profile and to its response to the high carbon intensity of cement manufacturing.

• 2025

  Air Liquide FEED agreement signed

  [1]Heracles General Cementen.wikipedia.org

  Heracles signed a Front-End Engineering Design agreement with Air Liquide to develop capture, oxygen-enrichment and cryogenic-separation systems for Olympus.

• 2022

  Olympus carbon-capture project announced

  [1]Heracles General Cementen.wikipedia.org

  Heracles announced a carbon-capture and storage project intended to make the Milaki cement plant on Evia a net-zero-carbon facility.

• 2018

  Workforce and operating footprint documented

  [1]Heracles General Cementen.wikipedia.org

  Reference material records 511 employees and describes Heracles as operating three cement plants and six distribution centers in Greece, with activities also extending to Switzerland.

An integrated Greek cement and construction-materials producer combining cement manufacturing with aggregates, concrete, distribution and related industrial and maritime services. Its current strategic profile also includes large-scale decarbonization through carbon capture and storage.

• Construction materials

  Cement

  Heracles produces and supplies different grades of cement in bagged and bulk forms. Cement is the company’s central product category and supports construction and other applications. The production network includes three plants in Greece, including the large Volos facility.

• Construction materials

  Aggregates

  Aggregates form part of Heracles’ construction-materials portfolio. They are supplied for use in construction and related applications alongside cement and concrete. The supplied sources do not identify specific aggregate types, grades or branded product names.

• Construction materials

  Concrete

  Heracles offers concrete for construction and other purposes. The reference material identifies concrete as a principal product area but does not provide a detailed range of mixes, technical specifications or separate product brands.

• Cement-production materials

  Clinker

  The company sells clinker and other intermediate materials used in cement production. Clinker is an intermediate output of the cement-manufacturing process and complements Heracles’ finished cement and construction-materials activities.

• 2025

  Front-End Engineering Design agreement with Air LiquideStrategy

  Background

  Following the announcement of Olympus, Heracles required detailed engineering for the project’s capture and gas-processing systems.

  Action taken

  Heracles signed a FEED agreement with Air Liquide covering integrated carbon-dioxide capture, oxygen enrichment and cryogenic separation systems. The planned process includes liquefaction and maritime transport of captured carbon dioxide to offshore storage at Prinos.

  Aftermath

  The agreement advanced Olympus from a strategic proposal toward front-end engineering and project-definition work. The supplied sources do not establish the project’s final completion date or operating results.

  Source

• 2022

  Development of the Olympus carbon-capture and storage projectStrategy

  Background

  Cement production generates substantial carbon-dioxide emissions, creating pressure for industrial decarbonization. Heracles announced Olympus to address emissions from its Milaki plant on Evia.

  Action taken

  The project was designed to capture carbon dioxide, prepare it for transport and send it by sea to offshore geological storage at Prinos in the Aegean Sea. It was described as receiving European Union Innovation Fund support and involving investment of more than €300 million.

  Aftermath

  The project became a central element of Heracles’ decarbonization strategy. Detailed implementation information was subsequently advanced through a FEED agreement with Air Liquide in 2025.

  Source

1. 1Heracles General Cementen.wikipedia.org