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.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Vardis Vardinogiannis: ‘On a Ship’s Bridge You Always Look Forward’
Ten milestones in the half century since the creation of Motor Oil Group, as described by Vardis Vardinogiannis, who passed away on Tuesday at the age of 91
DBRS Says Greek Banks ‘Shielded’ from ECB Rate Cuts
The agency explains that fund disbursements through the banking sector will help offset pressures anticipated on interest margins beginning in 2025, due to expected rate cuts by the European Central Bank (ECB).
Meta Cuts Facebook and Instagram Subscription Fees by 40%
The social media giant also revealed that it will continue to offer free access to Facebook and Instagram for EU users, provided they agree to see ads based on a limited set of user data.
Skyrocketing Use of Debit, Credit Cards
The total value of the transactions conducted with debit and credit cards in the country in the first half of 2024 rose 2% on the corresponding period of 2023
JP Morgan Revised Greece Outlook to ‘Overweight’
The investment bank notes that Greece is showing the strongest GDP growth in the Eurozone. Additionally, efforts to clear up bank balance sheets are anticipated to yield increased capital returns.
Vardis I. Vardinogiannis, Greek Tycoon and Shipping Magnate, Dies at 91
In 1990, Vardinogiannis was targeted in an attack which involved three rockets fired at his vehicle by the terrorist organization 17 November.
Kudos for Greek Sheep’s Milk Cheeses
Graviera is the Greek version of the Swiss gruyère, and is generally considered the second most popular cheese made in the country after feta
EIB Survey: Greeks Rank Climate Change as Top Concern After Cost of Living
Specifically, 98% of the Greeks surveyed stated that the country must to adapt to climate change, with 60% saying that priority should be given to these adjustment measures
Trump Tells Putin not to Escalate Ukraine War during Phone Convo
Meanwhile, President Joe Biden, is preparing to lobby Trump against abandoning U.S. support for Kyiv
Former Thessaloniki Mayor Yiannis Boutaris Dies at 82
Boutaris entered politics in 2010, serving as the 60th mayor of Thessaloniki for two consecutive terms until 2019, becoming a transformative figure with his progressive policies.
