Energean 's participation in EGYPES seems to have opened up new perspectives in terms of investments in the capture, utilization and storage of carbon dioxide.
In particular, the signing of the Group's Memorandum of Understanding with the Egyptian
Schlumberger for the development of CCUS projects in Egypt is in the pipeline.
In a post on LinkedIn, Nikola Katsarov, CEO of Energean International, announced the relevant news. As he noted, "we have to speed up the process. That is why we are making an effort to enter into a MoU with SLB to explore the opportunity in a full value chain for CCUS in Egypt.”
At the same time, Khacharov referred to possible solutions to the issue of financing the relevant projects, emphasizing in his post :
A global carbon tax could increase demand for CO2 storage, leading to innovative solutions.
Harmonizing global emissions trading will create opportunities, enhancing the value of CO2 as a tradable and storable commodity.
This will require significant investment in branding and communication to make it politically acceptable, but think of CO2 not as a waste, but as a tradable good. Egypt and other hydrocarbon producers could provide CO2 storage in depleted fields for global and domestic emitters."
source: energypress.gr
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