The half-day workshop on the “Economics of CCUS Applications” which was organised by the IENE on March 12 at the Technical Chamber of Commerce (TEE) in Athens, attracted strong interest among stakeholders in Greece and from key international bodies. In addition, a large number of energy professionals attended this event bringing to 100 the total number of participants from Greece and abroad. The Workshop sought to examine the financial and policy implications of CCUS deployment in Greece. Central to the proceedings of the event was the presentation of the latest IENE study on, “Implementing CCUS Hubs in Greece: A Cost Benefit Analysis”. This new study builds upon the 2023 IENE major study, "CCUS Technologies in Greece – prospects for implementation" and aims to provide a more detailed economic assessment of CCUS technologies.
This IENE workshop represented a crucial step in advancing Greece’s CCUS roadmap, by translating research findings into actionable strategies. By fostering dialogue among experts, decision-makers and stake holders, the Institute aims to support the development of a client oriented and sustainable CCUS industry that contributes to the country’s energy transition and emissions reduction targets and provide perspectives on how Greece can align its CCUS strategy to European climate goals.
The workshop commenced with introductory remarks by the Chairman and Executive Director of IENE, Mr. Costis Stambolis, followed by a keynote address by Dr. Dionysia-Theodora Avgerinopoulou, Chair of the Committee of Environmental Protection of the Hellenic Parliament, Vice - Chair of the Inter-Parliamentary Union (IPU), as well as Member of the Hellenic Parliament.
During the 2nd session the IENE study was presented, which provided a Cost-Benefit Analysis for the construction and operation of CCUS hubs in Greece. The main findings and conclusions were presented by the contributors of the study and namely Mr. Kostis Oikonomopoulos, Petroleum Geoscientist – Research Fellow of IENE, Mr. Konstantinos Koutsogiannis, Business Development Director of ASPROFOS SA, Dr. Konstantina Tsalapati, Business Development & Environmental Specialist at ASPROFOS SA, Dr. Nikolaos Koukouzas, Director of Research, Centre for Research & Technology Hellas / Chemical Process & Energy Resources Institute (CERTH/CPERI), as well as the Chairman of IENE’s Natural Gas, Hydrogen and Biomethane Committee, Mr. Theodore Terzopoulos.
Ms. Kleopatra Avraam, Strategic Planning Senior Director of DESFA SA, Ms. Meliza Asimakopoulou, CCS Regulatory Affairs Director of TITAN CEMENT COMPANY SA and Mr. Anastasios Vlassopoulos, CEO of HELLENiQ UPSTREAM S.A., in their presentations, focused on the feasibility of CCUS in Greece, and implementation strategies with the support of various EU funding mechanisms.
The 3rd session of the workshop provided an overview of CCUS projects in Europe and Greece. Dr. Mathilde Fajardy, Energy Technology & Policy Analyst at the International Energy Agency (IEA) (online), and Ms. Oana Langa, Policy Officer at the DG Energy, Unit C2: Decarbonisation and Sustainability of Energy Sources of the European Commission (online), presented the global and European context of CCUS applications.
Then, Dr. Katerina Sardi, Country Manager and Managing Director of Energean in Greece, Mr. Charalampos Kouris, CCS Project Process & Environment Manager at HERACLES Group, Mr. George Daskalakis, Head of Technology Management at the Strategy Division of MOTOR OIL (HELLAS) S.A., as well as Dr. Panagiotis Grammelis, Director of Research, Centre for Research & Technology Hellas / Chemical Process & Energy Resources Institute (CERTH/CPERI), expanded on the usefulness of CCUS applications citing specific examples and case Studies referring to actual projects under development. Between them, the above offered valuable insights into how Greece can develop a competitive CCUS framework.
The event came to an end with concluding remarks by the Deputy Chairman of IENE, Mr. Christos Dimas, followed by a light lunch.
Partners and Supporters of the IENE study on “Implementing CCUS hubs in Greece: A Cost-Benefit Analysis” included HELLENiQ Energy, ASPROFOS SA, HEREMA SA and DESFA SA.
All presentations from the IENE Workshop on the “Economics of CCUS Applications” are available on the event's microsite
To watch the full video of the Workshop please click here
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