Gas grid operator DESFA expects to have completed its feasibility study for Prinos CO2, a carbon capture, transport and storage synergy with Energean by autumn ahead of an investment decision within 2024, followed by possible development of the project, energypress sources have informed.

Prinos CO2 has successfully passed a technical assessment for inclusion on the European Commission’s sixth PCI list, making the project eligible for inclusion on a preliminary list that is expected to be finalized in November.

The project is budgeted at 1.4 billion euros. DESFA’s share of the budget total is estimated at 500 million euros.

Irrespective of the possible synergy between DESFA and Energean for a single project concerning the capture, transport and storage of CO2 quantities, DESFA is also considering developing its share of the project at infrastructure other than Prinos, if Prinos CO2 does not proceed.

DESFA aspires to develop an entire CO2 transport chain to collect pollutants from the facilities of polluters and, through its own infrastructure, transport these quantities into storage.

This system is planned to cover Viotia, northwest of Athens, the wider Athens area, as well as Corinth, west of the capital. These areas host cement industries, refineries and power plants.