Greece is rolling out a multipronged CCS push supported by public and private investments valued at $4.2 billion.

One of two key initiatives that will underpin the nationwide strategy is the development of an offshore CO₂ storage facility near Kavala. A tender for drilling two wells for the Prinos site under the Aegean Sea has already been issued by Energean subsidiary EnEarth, and work is scheduled to begin in the first half of 2026. The project is valued at around $1.4 billion, of which $313 million is to be provided by the EU Innovation Fund.

The development of the essential carbon capture and transport infrastructure will be managed by DESFA, the country’s gas network operator. Through its ApolloCO₂ project, DEFSA will construct a capture, liquefaction, and transport system linking refineries and industrial centres with the Prinos site. The system will be developed alongside Ecolog, a subsidiary of LNG carrier GasLog.

ApolloCO₂ will also link to three major EU-funded capture initiatives including Heracles Group (Holcim)’s $463 million Olympus project in Milaki. Carbon Herald reports that the project secured €169 million in EU Innovation Fund grants.