Block Energy Plc (GB:BLOE) has released an update.
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Block Energy Plc has embarked on Phase 2 of its Carbon Capture and Storage project in Georgia, partnering with Rustavi Azot and utilizing technology similar to successful deployments in Iceland and the UAE. The project aims to sequester CO2 in the Middle Eocene reservoir, leveraging low costs and existing infrastructure while aligning with environmental goals. With three commercialization options identified, the pilot injection is set for early 2025, marking significant progress towards sustainable energy solutions.
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