An Extended Summary of IENE Study (M76) “Implementing CCUS Hubs in Greece: A Cost Benefit Analysis”, which was published in March 2025, is now available on the Institute’s website (see here).
Expanding on the groundwork established by the previous Carbon,Capture, Utilization and Storage (CCUS) study conducted by IENE in 2023, this latest work aims to examine in more detail the complexities involved in the development and operation of CCUS hubs. The previous IENE study, titled “CCUS Technologies in Greece:Prospects for Implementation”, proposed the establishment of a number of CCUS hubs corresponding to specific geographical areas of the country.
The present follow-up study is a comprehensive analysis which aims to look into the economics of setting up and running a CCUS hub in a specific location, and has been published from the operator’s perspective. The aim is to establish the range of costs and financing conditions which will enable the operator, whoever happens to be, to provide a competitively priced service to industry which will provide the bulk of the prime material, ie CO2 and related green house gases. Hence, the cost-benefit chapter of the study is crucial in assessing the economic viability of such systems.
Study contributors include:
- Mr. Costis Stambolis, Energy Market Analyst and Chairman and Executive Director of IENE
- Mr. Kostis Oikonomopoulos, Petroleum Geoscientist – Research Fellow, IENE
- Dr. Nikolaos Koukouzas, Director of Research, Dr. Geologist, Centre for Research and Technology-Hellas (CERTH)
- Dr. Myrsini Gazela, Business Development Engineer, Asprofos Engineering S.A.
- Dr. Konstantina Tsalapati, Business Development Engineer, Asprofos Engineering S.A.
- Mr. Dimitrios Bakogiannis, Chemical Engineer, Head of Cost Estimating Department, Asprofos Engineering S.A.
- Mr. Nikos Daras, Survey Engineer, Head of Survey Department, Asprofos Engineering S.A.
- Mr. Konstantinos Koutsogiannis, Business Development Director, Asprofos Engineering S.A.
- Mr. Theodore Terzopoulos, Chemical Engineer (MSc), Gas Engineer (CEng), MBA, Energy and Renewable Gases Consultant, Chairman of IENE’s Natural Gas, Hydrogen and Biomethane Committee.
The financial and technical support for the study was provided by a group of major energy companies in Greece and was crucial in enabling the Institute to carry out such a demanding project. The companies which have acted as Partners to IENE on this project include DESFA, HELLENiQ ENERGY, HEREMA ans Asprofos Engineering.
