Climate Change

Bulgarian cement plant gets EU grant for innovative carbon capture, storage project

Bulgarian cement plant EU grant innovative carbon capture storage

Photo: HeidelbergCement

Published

July 18, 2022

Country

Comments

comments icon

0

Share

Published:

July 18, 2022

Country:

Comments:

comments icon

0

Share

Devnya Cement, which is working on the first full-chain carbon capture and storage project in the Balkans, got EUR 190 million from the EU’s Innovation Fund. The European Commission said it is set to become a CCUS cluster for Bulgaria and the border regions in Romania and Greece.

The European Commission picked HeidelbergCement’s Bulgarian subsidiary as one of the beneficiaries within its third call for grants from the Innovation Fund. The Devnya Cement plant in the country’s northeast intends to capture carbon dioxide from its operations and pipeline it to the depleted Galata offshore gas field under the Black Sea for permanent storage.

The ANRAV project received a EUR 190 million grant. The remainder of the investment will be covered by private financing. The carbon capture system is planned to be built and installed at the company’s high-tech clinker and cement plant in the city of Devnya.

HeidelbergCement estimated the facility could come online in 2028

The facility is also planned to serve other industries in the Varna region. The European Commission said it is set to become a CCUS cluster for Bulgaria and the adjacent regions in Romania and Greece.

EU funds helping CCUS sector to improve efficiency, become cost-effective

CCUS stands for carbon capture, utilization and storage. There are a number of industrial uses for CO2. But so far the technology has not been very efficient in practice, and it is yet to find a sustainable operation model, especially the systems that sequester the greenhouse gas from the atmosphere.

One of the ideas is to introduce a certificate system through which carbon-intensive industries could offset their emissions and fund the sector’s expansion. When CO2 is only captured for permanent storage, it is called CCS.

The project is carried out with oil and gas company Petroceltic from Ireland

“HeidelbergCement is rapidly progressing on a number of large-scale carbon capture initiatives globally, covering a range of promising options for both utilization and storage. ANRAV now has the potential to pave the way for CCUS in Eastern Europe as well,” said Chairman of the Managing Board of Dominik von Achten.

The project is carried out with oil and gas company Petroceltic from Ireland. Subject to regulatory and permitting aspects, it could start operation as early as 2028, with a capturing capacity of 800,000 tons of CO2 per year, according to German-based HeidelbergCement.

Five carbon capture projects are among 17 beneficiaries

The European Commission approved EUR 1.8 billion in total in the current round, compared to over EUR 1 billion last November. The 17 selected projects cover energy-intensive industries such as cement, chemicals, hydrogen and fuel refineries in Bulgaria, Finland, France, Germany, Iceland, the Netherlands, Norway, Poland and Sweden.

Three other CCS projects for the cement industry in Germany, Poland, France also got grants from the Innovation Fund. Furthermore, a project in Iceland will build a highly scalable onshore carbon mineral storage terminal with an estimated overall storage capacity of 880 million tons of CO₂.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

montenegro tpp pljevlja sasa mujovic necp

Montenegro drafts NECP: TPP Pljevlja to be shut down by 2041

09 December 2024 - The Ministry of Energy of Montenegro submitted the draft NECP to the Energy Community Secretariat for a review

croatia sustainability reports esg hgk

Sustainability reports obligatory for 50 firms in Croatia

05 December 2024 - The Ministry of Finance, which is responsible for sustainability reporting, has published a list of companies mandated to submit documentation

European Commission energy affordability decarbonization

New European Commission weighing energy affordability versus decarbonization goals

28 November 2024 - The European Union wants to maintain the rapid pace of decarbonization while enabling affordable energy prices

COP29 decisions ambitious but insufficient to curb global warming

COP29 decisions ambitious but insufficient to curb global warming

25 November 2024 - The COP29 summit resulted in a global pledge of USD 300 billion per year for poorer and most vulnerable countries and a global carbon market deal