The IRIS project aims to reduce the carbon footprint of the Agioi Theodoroi refinery, by applying carbon capture technology on its Steam Methane Reformer (SMR). This will allow the refinery to become a large ultra-low-carbon hydrogen producer. The bulk of the captured carbon will be sequestered in an offshore storage facility in the North Aegean Sea, while a small amount will be utilised to produce 10 000 tonnes of e-methanol per year, which will be used as an energy carrier for both mobility and industrial applications. The implementation of the project will result in the avoidance of 89% of the relative greenhouse gas (GHG) emissions compared to the reference scenario.
The IRIS project will incorporate a number of industrial processes on a scale not applied before at an independent refinery. Its main innovative aspect is the integration of advanced technologies, engagement of multiple stakeholders, and the formation of the basis for a first-of-its-kind South-eastern European model plant for carbon capture, use and storage (CCUS). The post-combustion capture technology that has been selected for IRIS will allow for both unperturbed hydrogen production and continuous high-pressure steam generation. The CO2 fraction contained in the SMR flue gas will be captured at a rate of 95%.
Besides its use within the refinery, the produced hydrogen will be used as fuel in transport applications. E-methanol will be directed to maritime applications as a low carbon substitute for marine fuels. As a result, the IRIS project as a whole will avoid 8.58 million tonnes of CO2 equivalent absolute emissions over the first ten years of operation. In this way the environmental impact of the project will be maximized, achieving both explicit decarbonisation through emission reduction and implicit decarbonisation through low-carbon, EU Taxonomy compliant, fuel production.
The project will contribute to the European goals to achieve climate neutrality by 2050.
Company Details
- Employees
- 2
- Address
- Of Global Partnership And Athens Riviera Forum
- Industry
- Renewable Energy Power Generation
- NAICS
-
Electric Power Generation
- Keywords
- Motor Oil.
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Iris Ccus Project's LinkedIn profile is https://www.linkedin.com/company/iris-ccus-project
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Iris Ccus Project's industry is
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Iris Ccus Project's top competitors are
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Accounting & Finance Society - Deree Acg,
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Iris Ccus Project's categories are Renewable Energy Power Generation
