A full-chain carbon capture and storage (CCS) project at the biorefinery of Hungary's Pannonia Bio is proceeding on schedule.
In the framework of the European Union-funded Danube Removals project, launched in the spring of 2024, more than 500,000 tonnes of biogenic CO2 a year will be collected and injected into a permanent geological storage site.
The project will generate EU-certified carbon removal credits for the voluntary carbon markets.
Pannonia Bio told MTI the project is in the initial phase, involving research and test wells. The project launch depends on achieving a number of milestones, it added.
Pannonia Bio had net revenue of EUR 718 million in 2025, mostly from exports.
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