AB KN Energies and Partners Secure Over EUR 3 Million EU Grant for CO2 Terminal Studies in Klaipėda

Reuters

2025/06/12

AB KN Energies and Partners Secure Over EUR 3 Million EU Grant for CO2 Terminal Studies in Klaipėda

AB KN Energies has secured a Grant Agreement with the European Commission to conduct technical and commercial studies for a planned CO2 terminal in Klaipėda. The terminal is part of the CCS Baltic Consortium's cross-border carbon capture, transport, and storage initiative spanning Lithuania and Latvia. The European Commission will contribute over EUR 3 million from the Connecting Europe Facility programme, covering 50% of the study costs. This funding will support various assessments to facilitate a Final Investment Decision by 2027, with commercial operations expected to commence in 2030. The project has been recognized as a Project of Common Interest, making it eligible for such funding. The CCS Baltic Consortium, formed in 2022, includes multiple organizations such as Akmenės Cementas AB, Larvik Shipping AS, Mitsui O.S.K. Lines, Ltd., and SCHWENK Latvija SIA, alongside collaboration with gas transmission operators Amber Grid and Conexus Baltic Grid.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AB KN Energies published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001102231-en) on June 12, 2025, and is solely responsible for the information contained therein.

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The terminal is part of the CCS Baltic Consortium's cross-border carbon capture, transport, and storage initiative spanning Lithuania and Latvia. The European Commission will contribute over EUR 3 million from the Connecting Europe Facility programme, covering 50% of the study costs. This funding will support various assessments to facilitate a Final Investment Decision by 2027, with commercial operations expected to commence in 2030. The project has been recognized as a Project of Common Interest, making it eligible for such funding. The CCS Baltic Consortium, formed in 2022, includes multiple organizations such as Akmenės Cementas AB, Larvik Shipping AS, Mitsui O.S.K. Lines, Ltd., and SCHWENK Latvija SIA, alongside collaboration with gas transmission operators Amber Grid and Conexus Baltic Grid.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AB KN Energies published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001102231-en) on June 12, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B64PRP62.GBP","symbol_name":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250612:nNDL3HHXWw:1","article_id":"2542356172","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2542356172","pubTimestamp":1749708012,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"AB KN Energies has secured a Grant Agreement with the European Commission to conduct technical and commercial studies for a planned CO2 terminal in Klaipda. 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The terminal is part of the CCS Baltic Consortium's cross-border carbon capture, transport, and storage initiative spanning Lithuania and Latvia. The European Commission will contribute over EUR 3 million from the Connecting Europe Facility programme, covering 50% of the study costs. This funding will support various assessments to facilitate a Final Investment Decision by 2027, with commercial operations expected to commence in 2030. The project has been recognized as a Project of Common Interest, making it eligible for such funding. The CCS Baltic Consortium, formed in 2022, includes multiple organizations such as Akmenės Cementas AB, Larvik Shipping AS, Mitsui O.S.K. Lines, Ltd., and SCHWENK Latvija SIA, alongside collaboration with gas transmission operators Amber Grid and Conexus Baltic Grid.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AB KN Energies published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001102231-en) on June 12, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}