Athens, 9 December 2025 – DESFA participated in the Industrial Carbon Management (ICM) Forum 2025, Europe’s leading event on Carbon Capture, Utilization and Storage (CCUS) technologies, which was co-hosted for the first time in Athens on 8 and 9 December, by the European Commission and the Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA), under the auspices of the Greek Ministry of Environment and Energy.
Greece was selected as the host in recognition of the country’s pipeline of early movers and growing leadership in the CCS sector, reflected in the substantial EU support already directed to Greek initiatives, with over €900 million awarded to date, including the most recent €169 million for DESFA’s ApolloCO₂ project under the EU Innovation Fund.
Over two days, the ICM Forum stressed that Europe is entering a decisive phase for CCS infrastructure, where rapid investment depends on clear EU-level financial instruments, stable regulation, and close coordination between capture, transport and storage projects.
This was the main message shared by DESFA’s CEO, Maria Rita Galli, who emphasized the need for a clear, harmonized EU regulatory framework – one that avoids unnecessary complexity, while ensuring balanced risk allocation and cost of capital. Such an approach will protect early movers from being penalized and incorporate policies that optimize costs, making CCS economically sustainable. She also stressed that flexibility in EU financial instruments is equally critical to sustain momentum and scale up the CCS value chain, securing the industry’s future within the EU.
DESFA’s ApolloCO2, the first midstream CCS aggregation project in Southern Europe, was presented in detail by DESFA’s Chief Strategy & Development Officer, Michael Thomadakis, during the second day of the Forum. ApolloCO2, will create an open-access network, connecting major emitters to Prinos and other Mediterranean storage sites, accelerating industrial decarbonization and fostering low-carbon synergies. CO2 will be transported to the Revithoussa LNG terminal, where, leveraging existing cryogenic infrastructure to reduce energy use and costs, it will be liquified and transported to Prinos and other storage sites through ships. This will position Revithoussa among Europe’s most advanced CO₂ hubs.
As discussions at the Forum made clear, CCS will be central to Europe’s decarbonization pathway, and DESFA is ready to lead this new chapter. By developing the region’s first integrated CO₂ network, DESFA is helping transform Greece into a Mediterranean CCS hub and unlock new opportunities for sustainable industrial growth across Southeastern Europe.
