{"id":546189,"date":"2022-05-08T04:00:09","date_gmt":"2022-05-08T04:00:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/08\/oil-ministry-announces-launch-of-egypts-first-pilot-carbon-capture-project-with-eni-raft-of-other-green-energy-initiatives\/"},"modified":"2022-05-08T04:00:09","modified_gmt":"2022-05-08T04:00:09","slug":"oil-ministry-announces-launch-of-egypts-first-pilot-carbon-capture-project-with-eni-raft-of-other-green-energy-initiatives","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/08\/oil-ministry-announces-launch-of-egypts-first-pilot-carbon-capture-project-with-eni-raft-of-other-green-energy-initiatives\/","title":{"rendered":"Oil Ministry announces launch of Egypt\u2019s first pilot carbon capture project with Eni + raft of other green energy initiatives"},"content":{"rendered":"<p><a id=\"tldr-story-06\" class=\"content-anchor\"><\/a> <strong>The Oil Ministry and Eni are implementing a pilot carbon capture project<\/strong> at the Italian energy firm\u2019s Meleiha concessions in the Western Desert, according to a ministry <a href=\"https:\/\/www.facebook.com\/EgyptMOP\/posts\/303710291943949\">statement<\/a>. The pilot project \u2014 which marks Egypt\u2019s first carbon capture initiative \u2014 is being implemented at a cost of USD 25 mn and aims to store some 25-30k tons of carbon dioxide each year. If successful, similar schemes will be rolled out in other locations, the statement read.<\/p>\n<p><strong>Stay tuned at COP:<\/strong> The Italian firm is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4ed7b3c1-2514-4f68-9b61-11486f0e348a\">set to announce more details<\/a> on the initiative at the COP 27 climate summit in Sharm El Sheikh in November, where carbon capture and storage (CCUS) is set to be a major theme.<\/p>\n<p><strong>Eni is increasing its carbon capture footprint<\/strong> and is <a href=\"https:\/\/www.eni.com\/en-IT\/operations\/storage-reuse-co2.html\">developing projects in a number of<\/a><a href=\"https:\/\/www.eni.com\/en-IT\/operations\/storage-reuse-co2.html\">countries<\/a>. Its <a href=\"https:\/\/hynet.co.uk\/\">HyNet North West project<\/a> in the UK has ambitions to capture and store 10 mn tons of industrial CO2 every year by 2030, while an initiative off the Italian coast aims to use a depleted natural gas field to store CO2. Outside of Europe, the company is working on CCUS projects at gas fields in the UAE and Libya.<\/p>\n<p><strong>It <\/strong><strong>isn\u2019t the only international firm eyeing CCUS projects in Egypt: <\/strong>The Oil Ministry signed 11 MoUs with international firms on CCUS projects at the Egypt Petroleum Show in February, according to the statement, and is now working to prepare studies on the potential projects. US conglomerate <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/17ab764a-2d1f-42df-91c4-eb29616b5662\">Honeywell is among the international firms looking<\/a> to provide CCUS technology and contribute to climate-friendly initiatives ahead of COP27. EGAS, the Egyptian Petrochemicals Holding Company, and Japan\u2019s Toyota Tshusho <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/92641dcf-7c8f-406b-9a5d-4fc106f53986\">in September signed an MoU<\/a> on joint blue hydrogen projects using Japanese carbon capture technology. Mitsubishi has also <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0393bae3-63d8-4053-935f-39e95f3e8377\">expressed interest<\/a> in working with the Oil Ministry on carbon capture.<\/p>\n<p><strong>ALSO FROM THE MINISTRY - <\/strong><\/p>\n<p><strong>The Oil Ministry is planning some USD 1.25 bn worth of green petrochemical projects<\/strong>. They include:<\/p>\n<ul>\n<li><strong>A USD 600 mn biofuel production plant<\/strong>, which is expected to produce 350k tons of biofuels from algae oil per year and cut CO2 emissions by up to 1.2 mn tons annually;<\/li>\n<li><strong>A USD 600 mn biodegradable plastics factory<\/strong>, which will produce 75k tons of plastics annually and reduce emissions by around 45k tons per year;<\/li>\n<li><strong>A USD 50 mn plastic waste recycling project<\/strong>, which would see old plastics converted to 30k tons of oil annually to make new plastics, reducing CO2 emissions by some 63k tons per year.<\/li>\n<\/ul>\n<p><strong>ALSO IN THE PIPELINE- Another green MDF factory:<\/strong> A USD 300 mn factory will produce wood panels from rice straw, reducing air pollution caused by the burning of the straw at the end of the harvest season. The ministry says this will prevent the release of around 360k tons of CO2 emissions each year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Oil Ministry and Eni are implementing a pilot carbon capture project at the Italian energy firm\u2019s Meleiha concessions in the Western Desert, according to a ministry statement. The pilot project \u2014 which marks Egypt\u2019s first carbon capture initiative \u2014 is being implemented at a cost of USD 25 mn and aims to store some [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":546190,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7825],"tags":[7286,228,197,72,246],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-546189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-green-economy","tag-climate","tag-cop27","tag-eni","tag-enterpriseam","tag-green-economy","wpautop","entry"],"acf":{"mongo_id":"c09ce70f-8f26-4800-be0f-9a7ed57323b5","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/5\/87.jpg","photo_position":"above","related_issue":[546178],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Oil Ministry announces launch of Egypt\u2019s first pilot carbon capture project with Eni + raft of other green energy initiatives - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/08\/oil-ministry-announces-launch-of-egypts-first-pilot-carbon-capture-project-with-eni-raft-of-other-green-energy-initiatives\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil Ministry announces launch of Egypt\u2019s first pilot carbon capture project with Eni + raft of other green energy initiatives\" \/>\n<meta property=\"og:description\" content=\"The Oil Ministry and Eni are implementing a pilot carbon capture project at the Italian energy firm\u2019s Meleiha concessions in the Western Desert, according to a ministry statement. The pilot project \u2014 which marks Egypt\u2019s first carbon capture initiative \u2014 is being implemented at a cost of USD 25 mn and aims to store some [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/08\/oil-ministry-announces-launch-of-egypts-first-pilot-carbon-capture-project-with-eni-raft-of-other-green-energy-initiatives\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-08T04:00:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/87.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/08\/oil-ministry-announces-launch-of-egypts-first-pilot-carbon-capture-project-with-eni-raft-of-other-green-energy-initiatives\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/08\/oil-ministry-announces-launch-of-egypts-first-pilot-carbon-capture-project-with-eni-raft-of-other-green-energy-initiatives\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Oil Ministry announces launch of Egypt\u2019s first pilot carbon capture project with Eni + raft of other green energy initiatives\",\"datePublished\":\"2022-05-08T04:00:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/08\/oil-ministry-announces-launch-of-egypts-first-pilot-carbon-capture-project-with-eni-raft-of-other-green-energy-initiatives\/\"},\"wordCount\":474,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/08\/oil-ministry-announces-launch-of-egypts-first-pilot-carbon-capture-project-with-eni-raft-of-other-green-energy-initiatives\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/87.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Climate\",\"COP27\",\"Eni\",\"EnterpriseAM\",\"Green Economy\"],\"articleSection\":[\"Green economy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/08\/oil-ministry-announces-launch-of-egypts-first-pilot-carbon-capture-project-with-eni-raft-of-other-green-energy-initiatives\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/08\/oil-ministry-announces-launch-of-egypts-first-pilot-carbon-capture-project-with-eni-raft-of-other-green-energy-initiatives\/\",\"name\":\"Oil Ministry announces launch of Egypt\u2019s first pilot carbon capture project with Eni + raft of other green energy initiatives - 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Oil\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/490.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":554240,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/27\/eni-commits-usd-1-bn-to-oil-exploration-in-suez-gulf-nile-delta\/","url_meta":{"origin":546189,"position":1},"title":"Eni commits USD 1 bn to oil exploration in Suez Gulf + Nile Delta","author":"enterpriseam admin","date":"27 December 2021","format":false,"excerpt":"Eni to invest at least USD 1 bn on oil production in Suez Gulf, Nile Delta: Italian energy firm Eni has signed an agreement with the state-owned Egyptian General Petroleum Corporation (EGPC), committing Eni to spending a minimum USD 1 bn on exploration and extraction in the Gulf of Suez\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/491.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":549031,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/31\/eni-could-establish-10-gw-of-solar-and-wind-projects-in-egypt-looks-to-boost-gas-exports-to-europe\/","url_meta":{"origin":546189,"position":2},"title":"Eni could establish 10 GW of solar and wind projects in Egypt, looks to boost gas exports to Europe","author":"enterpriseam admin","date":"31 August 2022","format":false,"excerpt":"Eni to go big on Egypt\u2019s renewable energy sector? Eni could establish 10 GW of renewable energy projects in Egypt \u201cin the forthcoming years,\u201d the Italian energy giant said in a statement yesterday. The company\u2019s CEO, Claudio Descalzi, \u201cagreed on the opportunity to implement\u201d the solar and wind projects during\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/447.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":542782,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/17\/egp-30-bn-to-be-pumped-into-state-owned-oil-companies-next-fiscal-year\/","url_meta":{"origin":546189,"position":3},"title":"EGP 30 bn to be pumped into \u200b\u200bstate-owned oil companies next fiscal year","author":"enterpriseam admin","date":"17 January 2022","format":false,"excerpt":"EGP 30 bn has been earmarked to develop state-owned oil companies in the FY2022-2023 budget, Oil Minister Tarek El Molla said, according to a ministry statement, adding that the figure is the highest ever allocated. To our knowledge, the ministry has not disclosed total spending on state-owned oil companies in\u2026","rel":"","context":"In &quot;BUDGET WATCH&quot;","block_context":{"text":"BUDGET WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/budget-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/188.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545856,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/egypt-to-increase-lng-exports-to-europe-with-eni\/","url_meta":{"origin":546189,"position":4},"title":"Egypt to increase LNG exports to Europe with Eni","author":"enterpriseam admin","date":"14 April 2022","format":false,"excerpt":"Eni signs agreement to supply more of our LNG to Italy, Europe: The Italian energy firm yesterday signed an agreement in Cairo with the state-owned Egyptian Natural Gas Holding Company (EGAS) designed to \u201cmaximize\u201d Egyptian LNG exports to Europe and boost Eni\u2019s gas production here, according to a cabinet statement.\u201cThe\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/242.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":551001,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/18\/carbon-capture-and-storage-is-a-pathway-to-net-zero-but-it-cant-get-us-there-on-its-own\/","url_meta":{"origin":546189,"position":5},"title":"Carbon capture and storage is a pathway to net zero, but it can\u2019t get us there on its own","author":"enterpriseam admin","date":"18 May 2022","format":false,"excerpt":"The pros and cons of carbon capture and storage: While carbon capture and storage (CCS) is being hailed as a pathway that could help the world limit global warming to 1.5\u00b0C, the new technology can\u2019t do the job by itself, Financial Times correspondents explain in this short film (watch, runtime:\u2026","rel":"","context":"In &quot;Climate&quot;","block_context":{"text":"Climate","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/climate\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/494.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/546189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=546189"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/546189\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/546178"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/546190"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=546189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=546189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=546189"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=546189"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=546189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}