Devnya CO2

EnEarth, an Energean subsidiary dedicated to advancing carbon storage and decarbonisation initiatives, is pleased to announce that it has signed a term sheet with Heidelberg Materials to negotiate on an exclusive basis definitive agreements for an expansion of its operations into Bulgaria as Storage Operator for Heidelberg Materials’ Devnya CO2 development. 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 sit