INA to build €40 million biogas plant in Croatia

Alina Oprea
Croatian oil and gas company INA has announced it plans to invest €40 million ($46 million) in a biogas/biomethane plant using agricultural waste. The company seeks to transform the Sisak industrial zone in central Croatia into a renewable energy center. INA, which used to run a loss-making petroleum refinery in Sisak, plans to self-finance the majority of the project and seeks co-financing from the European Union's Recovery and Resilience Facility.

The company is currently in the process of selecting contractors for facility design and construction, and obtaining internal approvals, according to SeeNews.

A sufficient quantity of agricultural waste materials for the facility has been identified, and agreements have been signed with potential suppliers. Once final approvals for the facility construction are granted, commercial contracts will be offered to the material suppliers.

These types of facilities usually take between two and three years to build, the company noted.

INA has already built a 2.6 MW solar power plant in Sisak, which is currently in trial operation. Additionally, other projects involving renewable energy sources are under consideration.

In May, INA launched a trial operation of a 10.2 MW solar power plant in Virje, in the northern Koprivnica-Krizevci County in line with its drive to transition to renewable energy sources. Back then, INA announced plans to explore geothermal energy, produce green hydrogen, advance projects for continuous carbon dioxide storage, and assess the potential of wind energy in the Adriatic Sea.

Hungary's oil and gas group MOL is the largest shareholder in INA with a 49.08% stake, followed by the Croatian government with 44.84%.

RECOMMENDED
CIECH Soda Romania starts production of solar energy
Energy

CIECH Soda Romania starts production of solar energy

CIEH Soda Romania has started the production of solar energy, as a result of an investment of RON1.7 million (€340,000) in a photovoltaic park. The investment marks a new activity in the development process of the company, which currently produces liquid silicates, an important raw material for the tire industry, the detergent industry, and the paper industry, in the production of chemicals used in construction and for materials used in welding.

A locality in Cluj County consumes only renewable energy
Energy

A locality in Cluj County consumes only renewable energy

The municipality of Caianu in Cluj County will cover its own electricity consumption from renewable sources. The Cluj County Council issued the urban planning certificate necessary for the establishment of a solar power production capacity to cover 99% of Căianu locality's own consumption, in Cluj County.

ENNA to invest €1 billion in green projects in Croatia
Energy

ENNA to invest €1 billion in green projects in Croatia

Energia Naturalis (ENNA) investment group from Croatia is starting preparations for an initial public offering (IPO) and plans to invest over €1 billion into green projects in Croatia. The company is developing large renewable energy projects, primarily solar and geothermal.

DTEK Renewables International buys 50 MW renewable energy project in Romania
Energy

DTEK Renewables International buys 50 MW renewable energy project in Romania

DTEK Renewables International, part of the DTEK group founded in 2005 by billionaire Rinat Akhmetov, acquires a greenfield project from the Romanian company Finas Invest SRL, which is based in Cluj-Napoca and operates on the renewable energy market. The acquisition of the photovoltaic plant with an installed capacity of 49.38 MW, located in the village of Glodeni, Mureş county, was announced by the law firm Wolf Theiss, which consulted DTEK Renewables.

Greece wants to import renewable energy from Egypt
Energy

Greece wants to import renewable energy from Egypt

Greece and Egypt are discussing a partnership through which the import of electricity obtained from renewable sources in Europe will be carried out through the GREGY project. GREGY will enable the supply of 3,000 MW of green energy from Egypt to Greece. The project received a vote of confidence from the governments of the countries involved.

RECOMMENDED FROM THE HOME PAGE
Business

Engie Romania funds 5 green projects in Bucharest

Transformations in schools, the Botanical Garden, and the Circular Economy Center offer Bucharest residents direct opportunities for practical learning and active involvement in the community.

READ MORE
Green Forum  |  7 November, 2024 at 5:39 PM
Green Forum  |  7 November, 2024 at 5:39 PM