Greece CCS development could drive €3.5B investment and 30,000 jobs

The development of a carbon capture and storage (CCS) chain in Greece is projected to attract approximately 3.5 billion euros in investments and create over 30,000 specialized jobs nationwide. The Prinos CO2 project in Kavala is positioned as a central component of this new infrastructure.

Full implementation of the CCS chain could enable the storage of 25% to 30% of the annual emissions from Greece's heavy industry. The initiative aims to bolster industrial competitiveness while addressing climate change through a comprehensive technological chain involving CO2 capture at industrial sites, transport, and permanent underground storage.

These prospects were discussed during an informative event organized by the Renewable Energy Centre (Reres) in Kavala, held under the framework of the European research programs HERCCULES and COREu. Experts and industry leaders noted that the CCS chain is a critical tool for reducing atmospheric emissions and maintaining the economic viability of the Greek industrial sector.