The study for the evaluation of the carbon dioxide storage potential (Carbon Storage) in the Prinos Basin, in Kavala, was commissioned by Energean Oil to Halliburton.
According to a relevant announcement, the project of carbon dioxide storage in Prinos is an investment of 390 million euros, which has already received the green light from the Recovery & Resilience Fund of the European Union and the which will make Prinos a model industrial complex not only in Greece but also in the Mediterranean in general. In addition, it will significantly enhance the competitiveness of the domestic industry and will have significant benefits for the environment, drastically reducing the environmental footprint of industrial activity in Greece.
The knowledge
Martin White, vice president of Halliburton Europe, Eurasia and Sub-Saharan Africa, remarked: “This project will be the first end-to-end CCS subsurface evaluation collaboration between an operator and energy services provider in Europe, and we look forward to supporting Energean’s energy transition journey. ”
Katerina Sardi, Energean Managing Director and Country Manager in Greece, commented: “We are excited to collaborate in this landmark project with Halliburton. Prinos has been identified as an ideal location to host a CO2 storage plant with a potential storage capacity adequate to store about 100 per cent of the emissions of the Greek manufacturing sector for a period of 10 years, starting from 2025.Halliburton’s unique know-how and acquaintance with Prinos ensures strong project collaboration and provides the basis for the successful implementation of a project that is core to Energean’s path to net-zero ”
It is noted that the elaboration of the study has already begun.
Latest News
Bank of Greece Governor Says EU will Retaliate to Trump’s Tarrifs
The Bank of Greece Governor defended the independence of central banks amid criticism from U.S. President-elect Donald Trump, who had publicly commented on Federal Reserve Chair Jerome Powel
September in Greece Winning Tourists Over from US, Germany
Tourists continue to visit Greece off-season into Sept. with the number of inbound travelers up by 6.6% and a 7.9% rise in travel receipts.
Bitcoin Surges Toward $100K Amid Pro-Crypto Optimism in US
According to Reuters, the cryptocurrency surged to an all-time high, briefly exceeding $96,898 during Asian trading hours.
Greek Driver Violations at a Touch of a Button
Traffic offences recorded in the last five years by Greece’s “Driver Behavior Control System” are now available on Gov.gr Wallet
Milan Tops List of Most Expensive Streets, Athens’ Ermou Holds Steady at 15th Place
In Athens, following Ermou Street is the southern suburb of Glyfada and Tsimiski Street in Thessaloniki.
New Gov.gr Service Enables Secure Reporting of Minor-Related Delinquency
It should also be noted that via the recently introduced initiative ‘Safe Youth’ application citizens have access to specially tailored informative material regarding the safety of children and adolescents
Thousands Strike in Athens Over Soaring Living Costs and Stagnant Wages
Inflation, particularly in food prices, has been crushing Greek households
Greece Overhauls Property Valuation System
Greece plans to launch a revamped property value registry in 2025 and overhaul the way objective values are calculated to enhance tax revenue and improve transparency.
Greece’s New Tax Bill Foresees Tax Relief Beyond Big Business
Tax relief measures in Greece are proposed for freelancers, property owners and farmers, along with 'big business'
Unions Call Nationwide Industrial Strike for Wed.
Mass transits are usually affected, especially in the greater Athens-Piraeus area, although bus and metro services are curtailed but not fully halted