Block Energy Targets First Net-Zero Industrial Hub in the Region with Game-Changing CCS Project15 Aug 2025 06:24
full feature article : **********************************/2025/08/block-energy-plc-august-2025/
video interview link only : https://youtu.be/kz8ltza13gw
“…for all these reasons and many more, it’s something thats been overlooked within the portfolio…”
block energy (aim:bloe) is georgia’s largest independent oil and gas company and as such has many firsts under its belt.
the company describes its pilot carbon capture and storage ccs project as ‘exciting’ and proof of concept testing is being conducted diligently and at pace as there is a lot at stake.
should the testing on the company’s vast brownfield estate prove the rocks on its property can absorb carbon, it not only decarbonises its own operations, but future proofs the business by becoming the custodian of large industry keen to comply with eu green directives and pay for its carbon emissions problem to be stored elsewhere.
georgia is after all part asia, part european, and block along with ccs project partner the fertilizer company indorama, are subject to the new cbam regulation that’s coming in 2027.
for those unaware of cbam it stands for carbon border adjustment mechanism which places a carbon price on some of the most emissions-intensive industrial goods imported from the aluminium, cement, fertiliser, hydrogen and iron and steel sectors that are at risk of carbon leakage.
success with the carbon capture storage project would be a major milestone for the business that has other strings to its bow. it would be the first net-zero co2 industrial hub of its kind in the region. while it is comparable with similar initiatives elsewhere in europe and the middle east, block’s advantages are its positioning on brownfield estate, the infrastructure it already has on site and its strong partnerships working alongside the company to launch this initiative.
the other strings to block’s bow include the slim hole drilling being pioneered at its upcoming drill programme using its own rig and its own personnel effectively reducing costs while taking control of its own destiny across its portfolio. “our core business model, is converting contingent resources to reserves and reserves to production in the most efficient way possible,” says chief executive paul haywood. “and we see this pilot being a step towards doing exactly that.”
as paul also explains to sarah lowther in this video interview other steps being undertaken are the ongoing farmout discussions with multiple parties which he says “preserves the capital structure for the company and removes the risk of dilution for existing shareholders including myself.”
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