Displaying items by tag: Petroceltic

Bulgaria: The European Union (EU) Innovation Fund has awarded a Euro190m grant to Devnya Cement and oil and gas producer Petroceltic for their 800,000t/yr ANRAV carbon capture, transportation and storage project. Devnya Cement's parent company Heidelberg Materials says that the partners expect to commission the full-chain project in 2028.

Heidelberg Materials Northern and Eastern Europe-Central Asia board member Ernest Jelito said "Devnya Cement's Devnya plant will be the first carbon-neutral cement plant in the country and the region. ANRAV will also enable other industrial players to join the carbon chain in the future and share storage capacity. In this way, we want to not only decarbonise our company in Bulgaria, but also provide opportunities for the whole region."