OIL - RepAir & EnEarth Sign a Landmark Direct Air Capture & Storage Agreement | Benzinga
EU-based project to begin Operations in 2026
LONDON and YOKNEAM, Israel, June 12, 2024 /PRNewswire/ -- RepAir, an innovator of an efficient Direct Air Capture (DAC) solution, and EnEarth, the specialist Carbon Storage & Environmental Services subsidiary of Energean, the leading independent gas-focused E&P company in the Greater Mediterranean region, today announced a landmark agreement using RepAir's DAC technology to capture CO2 and store it in the Prinos saline aquifer in Kavala, Greece. The project will begin operations in early 2026, storing the first kiloton of carbon dioxide removed. When fully developed by 2028, EnEarth's injection capacity in Prinos will be able to service up to 3 million tons of CO2 a year.
The partnership includes the installation of RepAir's carbon capture system on the premises of the onshore facility of Energean at Prinos. In parallel, carbon from point source emitters in the Mediterranean region will be transferred to the Prinos storage complex for safe and permanent storage.
Energean's Prinos storage project (Prinos CO2) has been slated to receive €150M in funding from the Greek government under the European Recovery and Resilience Facility and is included in the sixth Union list of European Projects of Common Interest. This CO2 storage project is an integral part of the Mediterranean Carbon Capture and Storage (CSS) Strategic Plan developed by France, Italy, and Greece, which aims to create the first commercial-scale CO2 storage hub in the Southeast Mediterranean.
RepAir offers a promising partnership perspective due to the economic viability of ...