Brussels, July 12, (BTA/BTA) – The ANRAV Project, coordinated by Devnya Cement JSC of Bulgaria, is one of 17 large-scale innovative clean-tech projects in which the European Union is investing over EUR 1.8 billion in grants disbursed from the EUR 38 billion-plus Innovation Fund, the European Commission announced on Tuesday.
ANRAV has the ambition to be the first full-chain carbon capture utilization and storage (CCUS) project in Eastern Europe, linking CO2 capture facilities at the Devnya cement plant, through an onshore and offshore pipeline system with offshore permanent storage in a depleted gas field in the Black Sea. The project will implement an economically feasible CCUS-cluster for Bulgaria and its adjacent regions in Romania and Greece
The funding for the Bulgarian project was not specified. It has capital costs above EUR 7.5 million and is one of four in the cement industry.
The other selected projects are located in Finland, France, Germany, Iceland, the Netherlands, Norway, Poland and Sweden. They were evaluated by independent experts based on their ability to reduce greenhouse gas emissions compared to traditional technologies, to innovate beyond the state-of-the-art while being sufficiently mature for deployment, as well as their potential for scalability and cost effectiveness.
GNA
Credit: BTA