Romania Applies To EIB For CO2 Storage Projects Funding

05.10.2011 By Andrei Circhelan

Romania submitted Monday with the European Investment Bank the literature of two demonstrative carbon dioxide storage projects, in a bid to secure non-refundable EU money.

The two projects are called GETICA CCS and Danube Green Island Algae.

The GETICA CCS project is developed by a state-owned consortium including thermal power producer Turceni, gas transporter Transgaz (TGN.RO) and gas supplier Romgaz.

Turceni deputy manager Laviniu Danciu recently told MEDIAFAX the Economy Ministry would ask for EU to fund up to 50% of an experimental CO2 storage project evaluated at EUR900 million.

The Danube Green Island Algae demo project is developed by Dorna Agri, owned by businessman Jean Valvis.