Devnya CO2 is part of the wider ANRAV CCUS project launched by Heidelberg Materials, which aims to be the first full-chain CCUS project in Eastern Europe. The ANRAV project includes the capture of 800ktpa of CO2 from Heidelberg’s cement plant in Devnya, situated in the wider Varna region, followed by transport and permanent onshore storage at a location close to the facility. The project has received EUR 190 MM in funding from the EU Innovation Fund, of which EUR 38 MM is designated for the storage site.
Heidelberg Materials has identified the onshore storage potential and has been progressing with the legislative and stakeholder acceptance steps to develop it. EnEarth has today signed a Term Sheet to explore with Heidelberg Materials the joint development of the transport and storage site.
Subject to entry into definitive agreements between the parties and all applicable permitting and regulatory approvals, the Project is intended to be operational before 2030.
Nikolas Rigas, EnEarth’s Head of Carbon Storage, stated:
“Today is an important day for EnEarth. We are taking a key step toward our aim to play a decisive role in the decarbonization of the hard-to-abate industry in the wider region of Southeastern Europe and the Eastern Mediterranean. It is very significant that a group such as Heidelberg recognizes and trusts the expertise that EnEarth is developing through its flagship CO₂ storage project in Prinos. EnEarth and Heidelberg Materials believe the successful implementation of the Devnya CO₂ project will benefit the environment, business, and local communities. We are excited about the next steps in the project’s implementation.”
Mihail Polendakov, Executive Director Heidelberg Materials Devnya, stated:
“The ANRAV CCUS Project Team of Heidelberg Materials Devnya is proud to announce its collaboration with EnEarth, a subsidiary of Energean, in respect of the Transport & Storage segment of the Devnya CO2 project. EnEarth has a spectacular success story with the Greek CCS Prinos project. Working together will enhance the development of our ANRAV CCUS project for the benefit of business, the environment, and society.”