Greece advances US$4.2 billion carbon capture and pipeline project
Published by Elizabeth Corner,
Senior Editor
World Pipelines,
Greece is moving forward with a series of large-scale carbon capture and storage (CCS) investments valued at up to €3.6 billion (~US$4.2 billion), as the country positions itself to build a national CO2 management network connecting heavy industry with offshore storage under the Aegean Sea.
Energean subsidiary EnEarth has launched a tender for drilling two wells at the Prinos site near Kavala, marking a key step toward establishing Greece’s first offshore CO2 storage facility.
The €1.2 billion (~US$1.4 billion) project, supported by €270 million (US$313 million) from the EU Innovation Fund, is expected to begin drilling in early 2026 pending environmental and permitting approvals from the Ministry of Environment and Energy.
Meanwhile, DESFA, Greece’s gas network operator, is advancing its ApolloCO2 project, which will capture, liquefy and transport CO2 from industrial sites to Prinos for permanent storage.
The project secured €169 million in EU Innovation Fund grants, with an initial €700 million (US$810 million) investment and future expansion planned. DESFA is developing the system alongside Ecolog, a subsidiary of GasLog.
ApolloCO2 will also link to three major EU-funded capture initiatives:
- Heracles Group (Holcim) – the €400 million (US$463 million) Olympus project in Milaki, Aliveri.
- Titan Cement – the €584 million (US$676 million) Ifestos project in Boeotia.
- Motor Oil Hellas – the €300 - 400 million IRIS project in Agioi Theodoroi, integrating carbon capture with low-carbon hydrogen and e-methanol production.
DESFA is additionally seeking €30 million (US$35 million) from the Connecting Europe Facility to build a 35 km (22 mile) CO2 pipeline connecting refineries and industrial hubs in Elefsina, Boeotia, and Aspra Spitia.
Together, these efforts signal Greece’s emergence as a regional CCS hub, with infrastructure designed to serve both domestic emitters and potentially overseas customers.
Join us at the World Pipelines CCS Forum in London on 18 March 2026 for a one day conference on the buildout of UK CCS pipelines. Find out more here:
Read the article online at: https://www.worldpipelines.com/business-news/14112025/greece-advances-us42-billion-carbon-capture-and-pipeline-project/
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