HERACLES, a member of the Holcim Group, has signed a Front-End Engineering Design (FEED) contract with France’s Air Liquide Engineering and Construction for the Olympus carbon capture and storage (CCS) project in Greece.
The project, located at HERACLES’ Milaki plant, aims to capture, liquefy, store, and transport 1 million tons of carbon dioxide (CO2) annually, making it one of Europe’s largest CCS initiatives.
In 2023, Olympus secured a grant from the EU Innovation Fund and is expected to commence full-scale operations by 2029.
The partnership with Air Liquide leverages innovative technologies, including oxygen enrichment and cryogenic separation, to integrate CO2 capture systems into existing plant infrastructure.
The captured CO2 will be liquefied and transported by sea to the Prinos offshore sequestration facility in the northern Aegean Sea.
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This agreement represents a major milestone toward the final investment decision (FID) for the Olympus project and underscores HERACLES’ dedication to achieving net-zero emissions.
The FEED study will define the project’s technical requirements, layout, and investment cost, paving the way for equipment procurement and construction.
Dimitris Chanis, CEO of HERACLES, emphasized the partnership’s importance: “This collaboration with Air Liquide embodies a shared vision of innovation and environmental responsibility.”
HERACLES views the Olympus CCS project as a crucial step in advancing its net-zero ambitions and remains dedicated to driving the industry’s decarbonization and energy transition toward greater sustainability.
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