Two major investments in the era of the energy transition were announced by the CEO of HELLENiQ ENERGY, Mr. Andreas Siamisii.
During his presence at the 9th Economic Forum of Delphi, Mr. Siamisii pointed out the shift to realism recorded in the issue of the green energy transition citing the recent decisions of COP 28.: “We saw a one-dimensional approach that wanted to get away from fossil fuels fuel and go to green energy. And above all to get away from lignite and go to Renewable Energy Sources. In the middle of the road, however, there are fossil fuels, oil, natural gas, biofuels and hydrogen. The green transition is going to be a one-way street,” he said and became more clear: “What we have called into question is how realistic this plan is, that is, how quickly we can transition to green energy. Recent developments have put developments on a more realistic footing.”
The investments
Mr. Siamisiis announced two major investments that HELLENiQ ENERGY is starting in the two refineries of Attica and Thessaloniki, respectively, as reported by OT.
According to him “the amount of investments amount to 3 to 4 billion euros and they will be completed in the next decade”.
The first investment will be in the Thessaloniki refineries: “The first major project is a hub in Thessaloniki. This is a combination of developing a 600 MW solar park that will be connected directly to the refineries. It will include energy storage systems with batteries. It will be produced from the green hydrogen electricity. Ammonia will also be produced in the hub, while a small hydrogen storage project will also be included,” described Mr. Siamisiis.
The amount of the specific investment, according to him, amounts to 1.5 to 2 billion euros.
At the Attica refineries – the CEO did not specify whether they will be in Aspropyrgos or Elefsina – the group’s second major project will be developed: “This is a major investment that will combine the capture of carbon dioxide, the production of blue hydrogen and synthetic fuels in combination with Renewable Energy Sources”
Hydrocarbons
The CEO of the group also spoke about HELLENiQ ENERGY’s participation in hydrocarbon research.
It should be noted that the company is a partner of ExxonMobil in two concessions in Crete, while it is also the sole manager of a block off the Ionian Sea.
Mr. Siamisiis landed… the expectations for a rapid development in the issue of the exploitation of the potential natural gas fields: “In Greece we are 12 to 18 months away from making a decision on drilling and the period of exploitation is also a long way off”, he noted characteristically.
According to him, HELLENiQ ENERGY is in the process of processing and analyzing the geophysical data obtained from the latest seismic surveys.
The placement
Besides, Mr. Siamisii indirectly but clearly spoke about the possible new placement of the listed company.
As he said “it is a matter for the shareholders and they will decide”, he said referring to TAIPED and the Latsis group.
He called the disposal of 11% “successful” – it was done before the end of 2023. As he underlined “in order to implement investments of 3 to 4 billion euros, as I described to you earlier, better access to the share is required”, he concluded.
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