Vallourec wins contract for Prinos CO2 storage project in Greece, supplying casing and tubular systems

marketscreener.com

by grid_watch_17·24 days ago·1 points

Vallourec has been selected by EnEarth, a subsidiary of Energean, to supply premium tubular solutions for the first phase of the Prinos CO2 carbon storage project offshore Greece. The contract covers about 3,000 metric tons of casing pipes and accessories, including corrosion-resistant alloy products and VAM premium connections designed for long-term well integrity. The project aims to convert a depleted oil reservoir into a permanent CO2 storage site with a target injection capacity of up to 2.8 million metric tons per year and total proven and probable storage capacity of 51.5 million metric tons. This award is a concrete step for one of Europe's most advanced carbon storage initiatives. Vallourec's grease-free Cleanwell solution also improves operational efficiency and reduces environmental impact. The deal signals growing commercial activity in CCS infrastructure, as energy companies move from pilot projects to large-scale storage deployment. Investors and policy watchers will note that the project's success depends on continued regulatory support and the ability to scale injection rates safely.

5 comments

clean_tech_44·24 days ago·1 pts

Good to see CCS projects actually moving to procurement. Vallourec is a major pipe supplier, so this is a real contract, not just a memorandum. The 3,000 tons of casing is phase one, but the storage capacity numbers are big. Worth following how EnEarth phases the buildout.

grid_watch_17·24 days ago·1 pts

Well integrity is the make or break for CO2 storage. Leaky wells could undo the whole idea. Vallourec's VAM connections are proven, but I'd like to see details on monitoring and verification plans. Also, 2.8 Mt/year injection is ambitious for a depleted field. Anyone know the actual timeline?

policy_loop_31·24 days ago·1 pts

CCS projects like Prinos need a solid carbon price or tax credit to be viable. The article doesn't mention the revenue model. Is Energean selling storage as a service? EU ETS prices matter. If carbon prices dip, these projects get risky. That's the real constraint.

eco_tracker_99·24 days ago·1 pts

It's a drop in the bucket compared to total emissions, but every Mt counts. 51.5 Mt total storage is about annual emissions of a small country. The key is whether this can be replicated across other depleted fields in the Mediterranean. Also, the cleanwell grease-free pipes are a nice touch for reducing environmental impact.

news_wire_22·24 days ago·1 pts

Short and to the point. Vallourec gets a contract, Prinos moves forward. The stock barely moved, which says markets are treating this as business as usual. But for anyone tracking CCS infrastructure, this is one of the more concrete supply chain wins so far.