Sat, May 26 2012

Bulgaria to consider launch of CO2 storage and capture technology

Fri, Oct 22 2010 08:42 CET 2461 Views 1 Comment
Bulgaria to consider launch of CO2 storage and capture technology

Photo: Julia Lazarova

Bulgaria's Economy Ministry is examining the possibility of the storage and capture of carbon dioxide (CO2) technology in the country.

The ministry has agreed to finance the project in collaboration with the European Bank for Reconstruction and Development (EBRD), which will examine whether Bulgaria has geological capacity to enable the building of CO2 depots and whether implementing the new technology would be economically viable.

After capturing, CO2 is compressed and then liquefied and stored 800 metres underground.

According to preliminary studies conducted by the project’s contractors Worley Parsons and Inypsa, there are several appropriate sites for storing CO2, including near Galabovo, Cherkovo, Pavlikeni and Yambol.

  • Print
  • Send via email
  • Translate to
  • Share:

Comments

Anonymous*******Tue, May 17 2011 23:18 CET

This comment has been removed by the moderator because it contained foul, abusive or discriminating language


To post comments, please, Login or Register.


Please read the The Sofia Echo forum comments policy.

CO2 pains

European Commission asks Bulgaria to redraft its carbon dioxide emissions plan

French president Sarkozy in Poland for talks with Eastern Europe leaders on CO2 emissions

French president Nicolas Sarkozy, whose country currently holds the rotating presidency of the European Union, is in Poland on December 6 2008 for talks with the prime ministers of nine Central and Eastern European countries on the EU's climate change package.

Radical CO2 quota cut might lead to investor outflow - industry

The forthcoming cut of Bulgaria's greenhouse gas emissions quota might well lead to an outflow of investments in Bulgaria, the Bulgarian Industrial Association (BIA) said in a statement released on June 18. The statement comes hours after the executive director of the Bulgarian Metalworking Industry Association Politimi Paounova said Austria's Voestalpine backed out from plans to build metal works in Bulgaria because of the planned cut in greenhouse gas quotas. Paying for excess emissions would make the production process too expensive, Paounova added, as quoted by Dnevnik daily.

Bulgaria to allocate CO2 permits by March 27

Bulgaria should finish allocating industry permits to emit 42.3 million tonnes of annual carbon dioxide for 2007 and 2008 by March 27, Reuters said on March 10, quoting a Government official. Stefan Bishovski, head of the climate change department at the Environment Ministry, said that launching carbon credits trade trade by end-April was of high importance so that businesses could meet a deadline to register their 2007 emissions. Allocations will be distributed to 150 registered Bulgarian industrial installations.

More in this category

Bulgaria secures one-year extension on Belene loan - minister

The option to postpone the due date was contingent on securing 55 million euro for immediate repayment of the amounts loaned by Belgium's Dexia and Japanese bank Mizuho.

Euro zone unemployment at record high

The Eurostat data agency said that unemployment reached 10.9 per cent in March, up from 10.8 per cent in February. The March figure translates to 17.4 million people unemployed in the euro zone.

Sale of Bulgarian telecom BTC faces cancellation – report

Citing three separate sources familiar with the deal, Capital Daily reports that the creditors found offers submitted by three bidders unsatisfactory.

Raiffeisen takes over Polbank

Eurobank EFG is left with a 30 per cent stake in the merged entity but has said it will exercise its put option on the remaining holding.

Global jobs crisis to continue for some time, ILO report says

The narrow focus of many euro zone countries on fiscal austerity is deepening the jobs crisis and could even lead to another recession in Europe, said the Director of the ILO Institute for International Labour Studies and lead author of the report, Raymond Torres.

Appointments

Employment Agency

Employment Agency

Kamelia Lozanova has been appointed the executive director of the Employment Agency, a position she has held ad interim since September 2011, following the resignation of her predecessor Rossitsa Stelianova. Prior to that, Lozanova was the agency's deputy executive director in charge of international projects and European programmes. She has been with the agency for more than 20 years. Lozanova has a degree in Slavonic philology from the St Kliment Ohridski University of Sofia.

Uniqa

Uniqa

Gloria Dimitrova has been appointed executive director and member of the managing board at Uniqa Life Insurance Bulgaria. Dimitrova began her career in 1998 at the insurance supervision directorate, but moved to the private sector and worked for professional services and insurance brokerage firm Marsh&McLennan and US insurer AIG, both in Bulgaria and the Middle East. She joined Uniqa as regional director for Sofia in 2010. Dimitrova has a degree in economics from the University for National and World Economy in Sofia and a master's degree in insurance from the Business Academy in Svishtov.

Kamenitza

Kamenitza

Yassen Lyubenov is the new head of marketing at Bulgarian beer brewer Kamenitza. Lyubenov has 12 years of experience in marketing in the fast-moving consumer goods sector and has started his career as assistant brand manager at Kraft Foods Bulgaria. He later became brand manager at Wrigley Bulgaria, with responsibilities for Bulgaria and Macedonia. Prior to joining Kamenitza, he was senior marketing manager at Wrigley Russia, where he was in charge of brand expansion into Ukraine, Belarus, Central Asia and the Caucasus. Lyubenov has a bachelor's degree in international business administration from the University of Lincoln, UK.

Beiersdorf

Beiersdorf

Bedros Kalfayan, general manager of skin care and cosmetics company Beiersdorf Bulgaria, will oversee the parent's company units in Romania and Moldova starting April 1. Following company restructuring, Beiersdorf's subsidiaries in the three countries were merged and are now one unit, part of Beiersdorf Central and Eastern Europe. Kalfayan joined Beiersdorf in 2007 as sales manager and was promoted to general manager in 2008. Prior to that, he worked for Axxon Bulgaria, Ferrero and Rubella. Kalfayan has a master's degree in industrial management from the Technical University in Sofia.

Hewlett-Packard

Hewlett-Packard

Sasha Bezuhanova has been appointed Hewlett-Packard public sector director for emerging markets, where she will oversee HP public sector activities in 63 countries, including Bulgaria. Bezuhanova will also be in charge of HP's relations with the European Union. Bezuhanova has been HP's public sector director for Central and Eastern Europe since 2008; before that she was general manager of HP Bulgaria since 1998. Bezuhanova has a master's degree in electronics from the Technical University in Sofia and has completed a managment programme at INSEAD.