Rueda requests the commitment of the central government so that these strategic initiatives for Galicia can materialise as soon as possible

The President of the Xunta de Galicia, Alfonso Rueda, held a meeting this morning with the technical committee of the Impulsa Galicia Company, in which the main projects on which Galicia is already working to attract European Next Generation funds were evaluated.

Thus, the Altri sustainable textile fibre factory project is included within the Galician Transformation Hub promoted by the Xunta with the help of the Impulsa Company – in which Abanca, Sogama and Reganosa also participate -. This will be an important milestone in the industrial transformation of Galicia, with an investment of 800 M€ and 2,500 direct and indirect jobs.

As highlighted at the meeting, two other projects integrated in the Hub revolve around this initiative, which serve as a source of energy for the planned factory in Palas de Rei (Lugo): the development of a biomethane production plant from slurry and the development of a green hydrogen centre.

In addition, Rueda highlighted during the meeting that the different projects included in the Galician Transformation Hub are of a strategic nature and have a great capacity of traction on the Galician business fabric, which ensures growth, employment and competitiveness, responding to the challenges that the current context requires from the economic, environmental and social point of view.

For this reason, he stressed, it is hoped that in the framework of the necessary collaboration between administrations, the central government will demonstrate its commitment through the Next Generation funds. Therefore, the Xunta de Galicia is waiting for the President of the Government, Pedro Sánchez, to respond to the request for a meeting as requested by the President of the Galician Executive in view of the need to speed up and decentralise European funds, with the aim of these strategic projects materialising as soon as possible, benefiting above all small and medium-sized enterprises.

The Impulsa Company is a public-private mechanism in which the regional government (40%), Abanca (38%), Reganosa (12%) and Sogama (10%) participate. This company is responsible for accelerating the development of new business projects, such as this textile fibre factory, which contribute to generating economic activity and value chains from which small and medium-sized Galician companies in particular can benefit.