Devnya CO₂
EnEarth in Talks to Act as Storage Operator for Heidelberg Material’s ANRAV Project in Bulgaria
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 site
Heidelberg Materials has identified the onshore storage potential and has been progressing with the legislative and stakeholder acceptance steps to develop it. EnEarth has today signed a Term Sheet to explore with Heidelberg Materials the joint development of the transport and storage site.
Subject to entry into definitive agreements between the parties and all applicable permitting and regulatory approvals, the Project is intended to be operational before 2030.
