Overview

• Spain's Industry Minister confirmed the exclusion of Altri's Gama project from the Perte industrial decarbonization aid program, denying it €30 million in funding.
• Greenfiber, the project's promoter, announced its intent to appeal the decision and explore alternative public financing options to continue the €1 billion initiative.
• The Xunta de Galicia criticized the exclusion as discriminatory and politically motivated, further straining relations with Spain's central government.
• The project's eligibility was hindered by the EU-mandated March 2026 execution deadline, with no confirmed extension from the European Commission.
• Despite receiving positive environmental impact approval in March, the project faces infrastructure challenges, including the lack of a secured energy grid connection.